By Paul Spirgel — Jan 10 - 10:40 AM
USD/CAD firm into Europe close, +0.18% at 1.3413; Tues range 1.3427-1.3377
Rising UST yields provides boost as mkts focus shifts to Thursday's US CPI
Pair off 6-wk low by 1.3357 after hawkish Daly, Bostic comments Monday
$CAD moves back w/in Bolli envelope, momentum remains w/USD bears
Res at Mon high 1.3445, 100-DMA 1.3483, 50% Fib of 1.3684-1.3357 at 1.3521
Supt at Tues low 1.3377, Mon low 1.3357, more significant supt at Nov 24-25 dbl bottom 1.3318
Source:
Refinitiv IFR Research/Market Commentary