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The EUR/CAD currency pair, which expresses the value of the euro in terms of the Canadian dollar, has consolidated in a rather volatile fashion in recent weeks. The pair has traded between 1.52 and 1.60 through most of March 2020, after surging by about 10% from February 20, 2020 to March 9, 2020 (see the daily candlestick chart below).
(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented hereafter.)
The pair has surged in line with the fall in the Canadian dollar (or CAD), which