 | |  | | USD/CAD: Loonie Gets its Groove Back, Dips below 1.0600
Boston, June 8.
USD/CAD has dipped back below the 1.0600, triggering stops among intraday longs. 1.0605/10 was support overnight on a sharp pullback from 1.0660 highs after stops were tripped on the first break of 1.0640. CAD strength is helping ramp CAD/JPY up to 114.75. 1.1525 is next resistance for that pair. Risk aversion is ebbing as US interest rates stabilize, helping the Loonie rebound in thin, nervous markets. 1.0565/75 is support on further pullbacks. |  |  |  |  |
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