There is a possibility that the USDCAD currency pair, currently at 1.34458, will likely go back to the 50-day moving average which is around 1.3420/1.3385, according to SocGen.

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USDCAD Chart by TradingView

CAD has done well to recover 1.5% from the low of 1.3695 ten days ago against the USD. Economists at Société Générale analyze USD/CAD technical outlook.

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