By Justin McQueen — Jun 24 - 10:12 AM
• USD/CAD (-0.2%) largely taking its cue from the dollar leg
• Little fanfare over Canadian CPI as core measures match estimates
• Iran/Israel ceasefire paves way for dollar downside
• Risks lean in favour of a return to the mid-June lows at 1.3530-35
• RSI sub-50 also signals underlying trend is skewed to the downsde
• Resistance at 1.3810 (55DMA), further ahead at 1.3990-1.4000
USD/CAD daily chart
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
