By Paul Spirgel — Aug 23 - 12:05 PM
$CAD off early NY high 1.3604, -0.02% at 1.3546; Wed range 1.3604-1.3533
Soft US PMI leads to unwind of early gain after soft Europe PMIs
Commods sideways oil -1%, copper +1.3% keeps CAD anchored near flat
$CAD res 1.3604 Wed high, 1.3646 upper 21-d Bolli, 1.3668 Apr 28 high
Supt 1.3533 Wed low, 1.3512 10-DMA, 1.3457 200-DMA
Close below 1.3374, 50% Fib of 1.3655-1.3093 shifts momentum to USD bears
Source:
Refinitiv IFR Research/Market Commentary