eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• USD/CAD -0.1% in Asia after Trump pauses tariffs against Canada for 3 days
• Says Canada and U.S. have a deal subject to finalisation of documents
• CAD likely to test 1.3845 Mon high which was its highest in more than 2 mths
• Higher oil prices, waning Sep Fed rate hike expectations underpin CAD
• Break extends to 1.3815-20, followed by 1.3770, the May 29 low
• Resistance 1.3905-10,1.3955-60; Tue range 1.3862-1.3910, Asia
1.3872-1.3907
CAD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)