By Paul Spirgel — Jan 06 - 11:43 AM
USD/CAD hovers near 1.2700, off Europe low 1.2631; NorAm range 1.2722-1.2665
Early CAD gains, to 3-yr high, on expected Democratic Senate win, reversed
UST yields, equities rise as mkts price in enhanced stimulus nL1N2JH0U8
Despite USD rise, bears in control below 1.2901, 50% Fib of 1.317-1.2631
Falling cloud, daily/weekly MA's hint at further USD weakness
Break below lwr 21-D/Wk Bolli's by 1.2655 eyes 1.2528 Apr 2018 weekly low
CAD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary