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Nov 19 - 02:55 AM

USD/CAD - May Have A New Resistance Line In The Sand

By Peter Stoneham  —  Nov 19 - 01:55 AM
  • Possibly a new line in the sand, this time at 1.4100

  • Monday saw a squeeze to 1.4105 but a close below the figure

  • Pullback to 1.4010 looks only corrective in nature so far

  • Our 1.4094 short play is performing and the stop has been lowered

  • Pull of today's 1.3650-82 cloud twist may have added weight to the adj

  • We target 1.3820 but will monitor any test of the 10DMA, 1.3975

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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