As the currency analysts Scotia Capital, the Canadian dollar keeps relatively well in the overall strengthening of U.S. currency and some weakening in commodity markets. Despite the decline in currencies of Canada earlier this week, the Friday drop in the dollar / Canada has strengthened the two-week downtrend couples. As the resistance in the bank raise the level of 1.0470. However, as the dollar / Canada is kept below 1.05, reduction remains the preferred scenario. At the moment pair dollar / Canada is at around 1.0430.
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