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Jul 06 - 01:55 PM
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USD/CAD - Consolidates Near Highs, Range Intact Near-Term
By The views — Jul 06 - 11:53 AM
• USD/CAD back near recent highs. Last week’s hold above 1.4140 pivot keeps tone constructive
• Price action consoliating now after the unwind of the NFP-led dip to 1.4151
• Near-term range defined at 1.4140-1.4250
• Bias to range trade into U.S. CPI (Jul 14), breakout needed to shift stance
• Light data calendar near-term reinforces range dynamics
USD/CAD hourly
Justin McQueen is a Reuters market analyst. (The views expressed
are his own).
((Email: ))
Source:
London Stock Exchange Group | Thomson Reuters