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Apr 23 - 01:55 PM
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USD/CAD - Extends Recovery, Moving Average Resistance Comes Into View
By The views — Apr 23 - 12:32 PM
• USD/CAD is extending its rebound after recent the probe of support at 1.3640
• Market mood in limbo, still awaiting clear signals on the U.S.-Iran war
• Though risk backdrop is more balanced now after the surge in equities
• Meanwhile, short-term USD flow dynamics are supportive, opening up USD/CAD upside
• Initial resistance at 1.3710/19 (200HMAs), through here
would bring 1.3740 in focus
usdcad hourly
Justin McQueen is a Reuters market analyst. (The views expressed
are his own).
((Email: ))
Source:
London Stock Exchange Group | Thomson Reuters