Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 01 - 01:55 PM

USD/CAD - Bears Rebuffed By Lower 21-D Bolli After BoC Delivers 50Bp Hike

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!