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USD/CAD in search of a firm direction, stuck in a range below mid-1.3000s

1 month ago   |   By FXCM

USD/CAD remains confined in a narrow trading band below mid-1.3000s.
The USD gains some traction on mostly upbeat US macroeconomic data.
The USD/CAD pair extended its sideways consolidative price action and remained confined in a range, just below mid-1.3000s through the early North-American session on Thursday.
A mildly positive tone around crude oil prices - now up around 0.45% for the day - extended some support to the commodity-linked currency - loonie and was seen as one of the key factors keeping a lid on any attempted positive move for the major.
Traders refrained from placing any...
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