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Oct 20 - 01:55 PM

USD/CAD - Consolidates Below The Daily Cloud Eyes Trend Low By 1.3100

By Paul Spirgel  —  Oct 20 - 11:45 AM
  • USD/CAD dips 0.49% to 1.3125 into Lon close, NorAm range 1.3197-1.3116

  • CAD bulls shrug off mixed commodity moves, oil -0.43%, copper +1.6%

  • USD soft as market awaits US stimulus nL1N2HA263 likely post-election

  • Pair steadies below daily cloud, eyes recent 1.3100 low, lwr Bolli 1.3066

  • USD bulls need to regain the cloud (1.3163), gain control above the 21-DMA by 1.3256

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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