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Oct 07 - 11:55 AM

USD/CAD - Bulls Fail Above 10-DMA By 1.3328, Daily Kijun By 1.3229 In View

By Paul Spirgel  —  Oct 07 - 10:10 AM
  • USD/CAD -0.25% at 1.3280 into Lon close; Wed range 1.334-1.3269

  • Pair shrugs off US COVID relief tumult, dour glbl growth view, weak oil

  • Res at 10-DMA 1.3328 bruised but holds, bulls in control abv 1.3207 50% Fib

  • Above daily cloud top 1.3356 USD bulls focus on upper 21-d Bolli by 1.3433

  • Bullish tenor begins to weaken below daily Kijun line by 1.3229

  • Below 50% Fib daily cloud base 1.3172 eyed, then lwr 21-d Bolli 1.3111

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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