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Oct 19 - 01:55 PM

USD/CAD - Finds Support Ahead Of 1.23, Falling Lower 21-D Bolli By 1.2292

By Paul Spirgel  —  Oct 19 - 11:36 AM
  • USD/CAD -0.16% at 1.2357 firm into Lon close, Tuesday's range 1.2374-12

  • USD weakness pared as UST yields rise, 10-yr now at 1.63%

  • Dip to 3-mos low by 1.2312 short-lived as early commod strength subsides

  • USD/CAD supt at falling lwr 21-d Bolli by 1.2292, June 23 low by 1.2253

  • Bulls need a close abv 10-DMA by 1.2447 to slow bearish tide, 100-DMA by 1.2506 caps

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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