By Paul Spirgel — Feb 01 - 10:45 AM
USD/CAD near flat into Europe cls, +0.05% at 1.3314; Wed range 1.3327-1.3289
Pair hit new 2023 low 1.3289 in early Europe trade, holds just abv 1.33
Commods soft ahead of Fed exp'd 25bp hike stalls CAD gains
Fed rate announcement/presser in focus after soft ADP, JOLTS miss higher
$CAD support at 1.3289 Wed low, 1.3272 lwr 21-d Bolli, 200-DMA at 1.3216
Resistance 1.3327 Wed high, 1.3361 10-DMA, 1.3471 Jan 31 flash high
Source:
Refinitiv IFR Research/Market Commentary