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Apr 27 - 01:55 PM

USD/CAD - Probes Big-Figure Support At 1.36 As Risk, Canada Yields Rise

By Paul Spirgel  —  Apr 27 - 11:50 AM
  • USD/CAD soft into Europe cls, -0.23% at 1.3607; Thurs range 1.3645-1.3593

  • Risk rallying, equities up; recent UST haven bid unwinding yields higher

  • Pair shrugs off weakening commods, oil flat, copper -0.2%; CA yields rise

  • $CAD supt at Thurs low 1.3593, daily cloud base 1.3562, rising 10-DMA 1.3503

  • Res 1.3643 upper 21-d Bolli, 1.3650 Wed high, 1.3695 Mar 28 high

  • Fed exp'd to hike 25bp May 3, end of hike cycle may weigh on $CAD

Source:
Refinitiv IFR Research/Market Commentary

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