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CAD trades at its best level since mid October

USD
  • The Dollar is now more mixed against G10, was down overnight, faded some weakness after Equity fell on the EU Cash Govie open, despite the bid in Bonds futures.
  • Equities are off their lows, and USD is now flat versus the GBP, CHF, EUR, SEK and NZD.
  • CAD is the best performer and trades through its best level since mid October, after clearing initial support at 1.3591, the 38.2% of the July/November gain.
  • Next area of interest is at 1.3569/55 Low Oct 10 / 1.0% 10-dma envelope.
  • Worst performer is still the NOK, with the Scandies not finding any support from WTI pushing higher and back towards $76.
  • Resistance in USDNOK is seen towards 11.7550.

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