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Jun 01 - 01:55 PM

USD/CAD - Slips To 2021 Low At 1.2007; Below 1.20, May 2015 Low 1.1920 Eyed

By Paul Spirgel  —  Jun 01 - 12:13 PM
  • USD/CAD bounces off new 2021 low at 1.2007, still -0.31% at 1.2034

  • Pair slips below 10-DMA (1.2073) eyes cluster of lwr Bolli supt sub-1.20

  • Below lower 21-d Bolli at 1.1976, May 2015 low at 1.1920 targeted

  • Bears firmly in control while below 21-DMA at 1.2111

  • Bulls need a rise above 1.2180, 50% of 1.2352-1.2007 to slow bearish tide

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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