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(M2) Trades Through Trendline Resistance

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(N2) Remains Below Resistance

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Strong Finish To A Losing Week

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(M2) Trades Above Key S/T Resistance

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(M2) Corrective Cycle Remains In Play

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DOLLAR-CANADA
DOLLAR-CANADA: Rate inches toward the best levels of the session as new BoC Tiff
Macklem speaks. The new governor states that "negative rates are among the tools
at the BoC", which would mark a change in policy step after BoC's Poloz
expressed his dislike of negative rates and as the Bank stated their current
rate of 0.25% was the effective lower bound. USD/CAD inching to session's best
level of C$1.4074.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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