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Oct 11 - 01:55 PM

USD/CAD - Supported By Key Fib At 1.3582, Resistance Ahead Of 10-DMA At 1.3636

By Paul Spirgel  —  Oct 11 - 12:00 PM
  • $CAD firm into Europe close, +0.22% at 1.3611; Wed range 1.3619-1.3572

  • Oil (-2.4%), copper (-0.36%) weigh on commod-centric CAD

  • US-CA rate spreads mixed across the curve keeps $CAD anchored

  • Pair trading sideways ahead of Fed mins Wed, US CPI Thursday

  • Supt at 1.3582 50% of 1.3380-1.3785, 1.3572 Wed low, 1.3526 daily cloud top

  • A close below 1.3582 key Fib opens way for test of 200-DMA at 1.3462

  • Res 1.3619 Wed high, 1.3636 10-DMA, 1.3680 Oct 9 high, 1.3742 upper 21-d Bolli

Source:
Refinitiv IFR Research/Market Commentary

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