The pair maintains the short movement started on October 2nd, in which it already fell 677 pips, and is now trading at 1.0290. The Canadian Prime Minister suggested the BoC should intervene in the market to stop the loonie's appreciation. The RSI and the stochastic are in neutral terrain, while the MACD shows the pair is giving signs of buying.According to the Bands of Bollinger, the pair has a 115 pips volatility in the hour. If the trend reverts, the 50-day MA could consolidate with the price.

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