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Fresh Cycle Lows For USD/CAD

CAD

USD/CAD trades below C$1.2300 on the back of the broader post-FOMC USD downtick, although there has been nothing in the way of meaningful follow through, even though some suggested that C$1.2300 may have held some barrier options. A fresh cycle low at C$1.2295 has been registered, with initial support now seen at C$1.2251, the Jan 31 '18 low.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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