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Sep 23 - 01:55 PM

USD/CAD - Bulls Gain Control Above Key Fib At 1.3320, Cloud Top Eyed

By Paul Spirgel  —  Sep 23 - 01:25 PM
  • USD/CAD +0.38% at 1.3349, NorAm range 1.3374-1.3322

  • Pair reacts to COVID-related global growth woes, shrugs off sml rise in oil

  • Bulls gain advantage as pair rises above 1.3320, 50% Fib of 1.3646-1.2994

  • Resistance now at 1.3426 the daily cloud top, then 200-DMA by 1.3523

  • Support at 10-DMA 1.3226, then Sep 9-21 low area by 1.3150

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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