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Morgan Stanley: USD/CAD targets 1.1300

Morgan Stanley went long on USD/CAD on Sep. 19 from 1.0950, with a take profit at 1.1300 and a stop loss at 1.0900.

In their view, the increasing US yields will drive USD/CAD broadly higher. A move above 1.1035 gave a fresh bullish signal, analysts note.

USD/CAD consolidates around 1.1075 on Wednesday.

Chart. Daily USD/CAD


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