Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 04 - 01:55 PM

USD/CAD - Breaks Below Daily Cloud Base Support, Eyes 200-DMA By 1.2518

By Paul Spirgel  —  Oct 04 - 11:38 AM
  • USD/CAD slips 0.43% to 1.2588 into Europe close; Mon range 1.2655-1.2558

  • CAD hits 4-wk high on commodity rally; oil +2.77%, copper +1.5%

  • Pair breaks below daily cloud support (1.2601), eyes lwr 21-d Bolli 1.2648

  • More firm support by 200-DMA at 1.2518, then 100-DMA by 1.2464

  • US bulls need to regain 30/10-DMA in mid 1.2680's to stem bearish tide

  • USD backing away from 1-yr high pre-NFP Friday; payroll beat may hasten taper, lift USD

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!