USD/CAD nearing range high

[Christine]

USD/CAD is trading near a session high at 1.0024. The three-month range of 0.9850 to 1.0050 is the key level to watch. Given the breakdown in copper, I prefer to longs in this pair if that level definitively gives way. The Bank of Canada decision tomorrow is a major risk with most analysts expecting a more hawkish tone.
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