USDCAD spills below 1.2900 – Is that another big failure at 1.3000?

Despite managing to knock out the 2008 & 2009 highs USDCAD is heading back south
The break of 1.30 and then the 2008/09 highs at 1.3025/63 pushed us up to even break 1.31 by a few pips. The failure to hold onto those broken levels on a retest was the biggest clue that we were heading for a fake out

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