By Justin McQueen — Feb 21 - 03:51 AM
• Once again, the support zone at 1.4150-78 puts a floor under USD/CAD
• Failure to break support should embolden those looking for a rebound
• As previously noted, another topside run remains in play
• Tariff deadline draws closer (Mar 4), likely to limit USD/CAD declines
• If U.S. imposes 25% tariffs, USD/CAD should be closer to 1.45
• For now, resistance at 1.4260 caps. Break would open up 55DMA (1.4334)
USDCAD daily chart
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters