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Nov 29 - 02:36 PM
USD/CAD - Lacks Momentum To Put In A New Trend High
First appeared on eFXplus on Nov 29 - 09:00 AM
  • Series of falling daily tops putting bear pressure on the 200DMA, 1.3280

  • But Loonie remains open to a run through the recent 1.3328 low point

  • Candian Q3 GDP slows to 1.3%, 1.2% Rtrs poll and 1.5% BoC call nL1N2880OT

  • Post data CAD bounce: USD/CAD dips to 1.3288 from 1.3309 but swift recovery

  • Slim majority of analysts, Rtrs poll, see no rate change through to end-2020

  • Some large USD/CAD option strikes leave the mkt at NY cut: 1bln 1.3350-60s




USD/CAD Weekly Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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