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USD/CAD: 1.4000 will be key to watch on the downside – OCBC

The USD/CAD continues to play the range between 1.4100 and 1.4300 range, as the crude oil complex continues to fluctuate on shifting headlines, per OCBC Bank.

Key quotes

“Note that short-term implied valuations have capitulated lower. 1.4000 will be key to watch on the downside. A clear breach will signal a return of a downside bias.” 

“In the interim, expect further sideways movement for now.”

 

AUD/USD clings to modest gains, lacks follow-through beyond mid-0.6000s

The AUD/USD pair traded with a mild positive bias through the Asian session, albeit lacked any strong follow-through beyond mid-0.6000s. The pair gain
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UK: PM Johnson reportedly doing well in hospital, GBP/USD edges higher

Robert Jenrick, the UK Housing Secretary, has said that he heard that Prime Minister Boris Johnson is doing well. The PM was admitted to hospital late
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