By Paul Spirgel — Apr 24 - 11:45 AM
$CAD steady into Europe close +0.04% at 1.3542; Monday range 1.3568-1.3524
Rate expectations remain key driver; Fed +25bp May 3, BoC on hold IRPR
Rising oil tempers USD gain vs CAD; US yields a touch softer than CA yields
Pair flirts w/key 50% Fib at 1.3553, daily cloud base 1.3562
A close above 1.3553 50% of 1.3804-1.3303 shifts control to USD bulls
Support at Monday low 1.3524, 21-DMA at 1.3482, 10-DMA 1.3440
Source:
Refinitiv IFR Research/Market Commentary