By Paul Spirgel — Jun 01 - 11:40 AM
USD/CAD off post-BoC hike low, +0.09% at 1.2665; Wed range 1.2673-05
BoC delivered exp'd 50bp hike, ready to act forcefully if needed
Fed seen keeping pace w/BoC should keep $CAD anchored near current lvls
Support at lwr 21-d Bolli (1.2605) holds, below 1.2560 Apr 22 low in focus
Res at 1.2686 the May 31 high, then 100/55-DMA by 1.2700
Bolli's widening hints at pot'l rise in volatility; falling 10-DMA 1.2753 caps
CAD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary