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Feb 18 - 01:55 PM

USD/CAD - Higher But Anchored Near Trend Lows Sub-1.42, Awaiting Policy Clues

By Paul Spirgel  —  Feb 18 - 11:40 AM

• $CAD +0.07% at 1.4190 into Europe cls; Tuesday range 1.4213-1.4180

• Rise despite CA yield rise outpacing UST yields; tariff tumult ebbing

• Despite Tuesday gain USD rise misleads as dollar near trend lows

• Wednesday FOMC minutes from January meeting in focus for policy clues

• $CAD anchored near 1.42, supt at Friday low 1.4151, rising 100-DMA 1.4124

• Res 1.4213 Tuesday high, 1.4256 falling 10-DMA

• Cloud parameters 1.4141 top, 1.4332 base key technically

• If Fed shifts to more-dovish policy tack late-Nov lows by 1.40 in focus

CAD Chart:


(Paul Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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