USDCAD hit the 61.8% retracement

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Intraday Update: As expected in the end of day update yesterday, the USDCAD has hit the 61.8% retracement at 1.3748 (high of 1.3747 this far) and the overbought RSI may suggest that we may see a bit of a pullback near these levels ahead of CPI. A strong US CPI print could put the 1.3791 in play next.