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Jan 28 - 02:36 PM

USD/CAD - Runs Out Of Steam Above 1.3200, Eyes 55-DMA By 1.3153

By Paul Spirgel  —  Jan 28 - 12:35 PM
  • USD/CAD probes session lows by 1.3172 in NY aft; NorAm range 1.3202-1.3172

  • Risk boosted as China Virus fears recede, Equities, glbl yields & oil rise

  • USD/CAD fails abv 1.3200 & daily cloud top for 2nd day in row

  • Sub-100-DMA 1.3178 bears eye 55-DMA 1.3153, 50% Fib of 1.327-1.2952, 1.3111

  • Resistance at 1.3206 Tues high, then 1.3232 the 200-DMA & Dec 6 high 1.3270

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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