The Canadian dollar is at a new 11 year low against the US dollar. It had already surpassed the cycle highs of 2015, the post crisis highs of 2009 and it is now climbing higher to levels seen in 2004.
The high so far is 1.3384, in a move that saw a surge of around 40 pips from the middle of the previous range. Is 1.35 the next target?
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