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Nov 20 - 01:55 PM

USD/CAD - Flirts With 1-Week Low By 1.3035, Back To Flat Into London Close

By Paul Spirgel  —  Nov 20 - 11:50 AM
  • USD/CAD off lows ahead of Lon close, -0.02% at 1.3070; Fri range 1.3089-39

  • Sideways oil leaves CAD directionless, support by Nov 18 low 1.3035

  • Bears in control sub-1.3159, 50% of 1.339-1.2928; abv cloud base eyed 1.3207

  • Break abv the cloud puts upper 21d Bolli 1.3323 & Oct 29 high 1.3390 in view

  • Below Nov 9 low at 1.2928, bears eye Oct 2018 low at 1.2783

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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