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Oct 18 - 01:55 PM

USD/CAD - Eyes Trend High By 1.3702 Amid Broad USD Haven Buying

By Paul Spirgel  —  Oct 18 - 11:45 AM
  • $CAD +0.3% at 1.3688 into Europe cls; Wednesday range 1.3699-17

  • Pair testing recent trend highs by 1.37, Oct 17 high 1.3702

  • CAD shrugs off oil rise as Mideast haven buying theme of the day

  • Falling CA CPI, diminishing BoC hike outlook adds weight to CAD

  • CAD res 1.3702 Tues high, 1.3748 Oct 6 high, 1.3778/79 upper 21-d/w Bolli's

  • Supt 10-DMA at 1.3642, Wed low 1.3617, 21-DMA 1.3596

Source:
Refinitiv IFR Research/Market Commentary

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