Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 14 - 08:55 AM

USD/CAD - Key Break Opens Door For A Big USD/CAD Drop

By Jeremy Boulton  —  Oct 14 - 07:05 AM
  • USD/CAD has broken below 100-DMA and daily Ichimoku cloud

  • Last similar break saw pair drop 3% in 8 days below 100DMA

  • Pair dropped 5.2% in 67 days and eventually ended 12% lower

  • Low of that decline was 1.2007 and 1.2000 could now be threatened again

  • If 2020's drop is repeated, high probability pair drops below 1.2000

  • 200-MMA at 1.1693 is roughly 5% below current level

  • USD/CAD has traded over 200-MMA since June 2015

  • Commodity rallies underpin CAD nL1N2RA0RE





USDCAD daily Click here

USDCAD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!