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Oct 27 - 01:55 PM

USD/CAD - Below The Daily Cloud, Eyes Lower 21-D Bolli By 1.3050

By Paul Spirgel  —  Oct 27 - 11:55 AM
  • USD/CAD hovers near Tuesday lows by 1.3160, Tuesday range 1.3212-1.3157

  • USD broadly lower on election nL1N2HH10R, rising COVID cases angst

  • Despite weak equities, CAD rallies with supply-related rise in oil (+1.4%)

  • USD/CAD back below daily cloud (1.3320-1.3201), eyes Oct 23 low 1.3110

  • Below 1.3110 bears eye Oct 21 low 1.3081, lower 21-d Bolli 1.3050

  • Bulls need a rise above 1.3251 the 50% fib of 1.342-1.3081 to regain control

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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