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Thomson Reuters
May 08 - 07:24 AM
Dollar Marches Over The Loonie As USD/CAD Clears Cloud Top
First appeared on eFXplus on May 08 - 05:35 AM
  • USD/CAD a stand-out gainer, loonie off 0.75% Tues: Trump-Iran-oil impacting
  • Significant cloud break underway: top held since early Apr, closing basis
  • Thick daily cloud 1.2687-1.2881 but Cloud twist bull warning, 1.2750 May 22
  • High of 1.2985 negates 76.4% Mar-Apr Fibo: upper 30DMA Bolli next at 1.3020
  • DXY hits a new 2018 high at 93.057, last here December 27 2017
  • Eyes the 38.2% Fibo off the 103.82 Jan 17 low-88.253 Feb 2018 low at 94.1996

USD/CAD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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