USD/CAD out of consolidation?

USD/CAD has rallied higher on up beat US data and has broken out of the consolidative range of 1.0560 acting as previous resistance.
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Flash: EUR, year-end squeeze a growing risk - TDS

A research team at TD Securities said the EUR might have found a modest bid on the back of news that Germany finally has a government but the void since the September election has hardly been a factor in the past couple of months so we doubt the news was that significant for investors.
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