By Paul Spirgel — Jan 04 - 11:45 AM
USD/CAD off Europe low 1.2666 to 1.2752; Mon range 1.2760-1.2666
USD broadly bid after NY option cut; $IDX back near flat, amid virus angst
Weak oil (CLc1 -2.2%) aids CAD dip; glbl growth view hit as COVID cases rise
USD/CAD back w/in Bolli envelope, eyes 21-DMA by 1.2796, dly Kijun at 1.2845
Support 1.2685 lower 21-d Bolli, then 1.2666 Jan 4 low, 1.2588 Apr 2018 wkly low
CAD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary