Poised into the BoC decision, but a dip and bounce Tuesday has once again rejected a bigger top after the latter February rebound from ahead of 1.2361/52 support factors shifted the focus back to the topside.
Whilst above 1.2352, the bullish theme is intact.
- We see an upside bias for 1.2566; break here aims for 1.2618, maybe 1.2665 and 1.2698.
- But below 1.2385/61/52 (which we would again look to try to hold) targets 1.2313, through which sees a still more bearish shift for 1.2280, maybe 1.2222.
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