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