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Oct 05 - 01:55 PM

USD/CAD - Slips Toward Lower 21-D Bolli Support After Canada Trade Data

By Paul Spirgel  —  Oct 05 - 11:36 AM
  • USD/CAD -0.23% to 1.2550, puts in new 1-month low, Tues range 1.2628-1.2546

  • CA trade bal beats nL1N2R10Z3, oil rise; US ISM beats hint at NorAm upturn

  • Canadian bond yields moving higher, tracking UST yield aid CAD strength

  • Pair probing lwr 21-d Bolli support by 1.2550, below eyes 200-DMA by 1.2517

  • More significant supt by 100DMA at 1.2468 which has trailed price since Jul

  • Res at daily cloud base, fmr supt, by 1.2601, then 10-DMA by 1.2662

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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