Whipsaw as USD/CAD nears one week high

USD/CAD fell to a session low on the positive jobless claims data, narrowly taking out earlier plunges to 0.9916. It has immediately reversed and now threatens to take out the one-week highs at 0.9949 (spot at 0.9946). The weekly top is also the 50% retracement of the most-recent down leg. Good spot for a small swingtrade.

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