By Justin Mcqueen — May 15 - 09:45 AM
USD/CAD slips to 1.35 in risk-on environment, conviction lacking
CA CPI in focus for near-term direction, softer print would open up 1.36
NY Empire State manufacturing slump has fleeting impact on USD
Jitters surrounding U.S. debt ceiling keep USD/CAD underpinned
Resistance reisdes at 1.3570 (55DMA/Weekly peak)
Support at 1.35 (psychological) and 1.3463 (200DMA)
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Source:
Refinitiv IFR Research/Market Commentary