Iran and the negotiators from the global powers have reached a nuclear agreement. That could see an easing of sanctions against Tehran and a gradual increase in its oil exports in the weeks ahead.
Loonie rallied in response and is currently testing seven-month range top between 1.2800 and 1.2835. If it manages to break and hold above that, the next target would be 2009 high at 1.3064 and then 61.8% retracement of the 2001 to 2007 decline near 1.3470.
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