By Paul Spirgel — Mar 15 - 11:40 AM
USD/CAD ending Europe +0.84% at 1.3802; Wednesday range 1.3814-1.3662
Banking contagion round 2 ensnares Credit Suisse, stirs USD haven bid
Global growth outlook austere, oil -4.9%, copper -3.1% exacerbates CAD dip
$CAD res 1.3814 Wed high, 1.3861 Mar 10's 2023 high, 1.3876 upper 21-d Bolli
Supt 1.3757 100-HMA, 1.3724 10-DMA, 1.3636 38.2% Fib of 1.3273-1.3861
Bulls firmly in control above 10-DMA, close below 1.3567 50% Fib shifts momentum to USD bears
Source:
Refinitiv IFR Research/Market Commentary