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Saxo Strats: How John Hardy is trading USDCAD

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Saxo Bank's Head of FX Strategy John Hardy explains how he's trading USDCAD as the USD becomes potentially vulnerable ahead of ADP and ISM numbers, not to mention this Friday's NFP release.   

Using charts to pick out key levels John talks us through his approach ahead of key US economic data; John says "USDCAD saw an orderly consolidation within the range on yesterday’s slightly stronger than expected Canada January GDP print. The focus remains higher here as long as we have weaker oil prices and the US data doesn't surprise too negatively."