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Drifting to session low vs EUR and USD

CAD
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  • The CAD is still in fairly tight ranges so far today, but is drifting to its intraday low against the EUR and the USD.
  • These moves are still tiny and well within Yesterday's wider range following the leaning Dovish cut from the BoC.
  • USDCAD sees small resistance moving back down to 1.3699, looking to test now, while the pair traded as high as 1.3741 post the BoC decision Yesterday, just short of the next resistance seen at 1.3744.
  • EURCAD also targets the 1.4900 figure, but did trade as high as 1.4929 Yesterday.
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  • The CAD is still in fairly tight ranges so far today, but is drifting to its intraday low against the EUR and the USD.
  • These moves are still tiny and well within Yesterday's wider range following the leaning Dovish cut from the BoC.
  • USDCAD sees small resistance moving back down to 1.3699, looking to test now, while the pair traded as high as 1.3741 post the BoC decision Yesterday, just short of the next resistance seen at 1.3744.
  • EURCAD also targets the 1.4900 figure, but did trade as high as 1.4929 Yesterday.