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FxWirePro: USD/CAD bulls undeterred, eyes 38.2%fib resistance

• USD/CAD consolidated around  on Monday as investors also monitored election developments for the upcoming U.S. presidential election. .

• The election for U.S. president is expected to be close.Vice President Kamala Harris, a Democrat, was leading Republican Donald Trump nationally by a marginal 46% to 43%, a recent   poll showed.

•Looking Ahead , U.S. September JOLTS and PCE, Q3 GDP, October ADP and non-farm payrolls, weekly jobless claims as well as October ISM manufacturing reports are due this week.

•  Technical highlight upside risks for USD/CAD, with momentum studies, 5, 10 and 11 DMAs tracking north.

•  Immediate resistance is located at 1.3907(23.6%fib), any close above will push the pair towards 1.3966(Higher BB).

• Support is seen at 1.3881(Daily low) and break below could take the pair towards 1.3828(38.2%fib).

Recommendation: Good to buy  around 1.3900, with stop loss of 1.3800 and target price of 1.3980

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