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Apr 01 - 01:55 PM

USD/CAD - Steady Near 10- And 21-DMA Support By 1.2570 Ahead Of NFP Friday

By Paul Spirgel  —  Apr 01 - 11:41 AM
  • USD/CAD boosted by 0.08% to 1.2574; NorAm range 1.2595-1.2569

  • Pair shrugs off higher oil (+2.2%), liquidity down pre-NFP, holiday FXHEAT

  • Support by 10-DMA 1.2572, 21-DMA 1.2561 bruised but holding for now

  • More firm support by 1.2538, 38.2% Fib of 1.2361-1.2647

  • Bears in control below daily cloud base at 1.2641 & 55-DMA by 1.2649

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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