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TDUX
Apr 23 - 01:55 PM

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

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