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Jun 02 - 01:55 PM

USD/CAD - Back Below 10-Day Avg, Eyes 2021 Low At 1.2007

By Paul Spirgel  —  Jun 02 - 11:38 AM
  • USD/CAD slips into Europe close -0.16% at 1.2052, Wed range 1.2092-1.2044

  • Early USD rise slips with UST yields ahead of Friday's NFP release

  • Global recovery boost commods, lifts CAD; USD on backfoot on steady Fed

  • Falling 21-DMA caps at 1.2100, res abv minor Fib 1.2139, May 20 high 1.2144

  • Supt at 1.2044 Wed low, 1.2007 Jun 1 2021 low, 1.1999 lwr 21-d Bolli

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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