By Paul Spirgel — Aug 03 - 11:35 AM
$CAD gains reversed, ends Europe -0.02% at 1.3345; Thurs range 1.3378-36
Soft U.S. PMIs, durables weigh on USD; bulls lighten long pre-NFP Friday
Reuters f/c U.S. NFP +200k vs +209 in June; f/c range 140k-300k
Effect of Payrolls data may be mooted given next Fed meeting in late Sept
Key resistance at 1.3374, 50% Fib of 1.3655-1.3093 probed, then faded
Above 1.3374 100-DMA at 1.3406 % 1.3457's 200-DMA attract
Support at 1.3334 lower 21-d Bolli, 1.3294 daily cloud base, 1.3241 10-DMA
Source:
Refinitiv IFR Research/Market Commentary