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Jan 11 - 01:55 PM

USD/CAD - Slips To 11-Week Low After Powell Tempers Recent Hawkish Tones

By Paul Spirgel  —  Jan 11 - 12:05 PM
  • USD/CAD slips below 1.26 to 11-week low 1.2597; NorAm range 1.2663-1.2597

  • Pair soft after less-hawkish Powell comments nW1N2SF007

  • BoC expected to hike rates at Jan 26 meeting aids CAD lift BOCWATCH

  • Below 1.2597 supt at 55-DMA by 1.2547, then up TL at 1.2448 off Jun-Oct lows

  • Resistance at Tuesday high 1.2697, then 10-WMA 1.2715

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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