With Fed Yellen to testify tonight the US Dollar could gain a little bit of life as the FEDs dot plot rears its head again for expectations of a rate hike. Should Yellen be a little more hawkish the dollar will get a lift and will drive the usdcad higher. Technically any dip to 1.32000 should be supported so look for longs off the trendline. BUY with a 40 pip stop for upside targets of 1.33900 in the short term.
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