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USDCAD Drifts Higher As CAD Slides To Bottom Of Day’s Rankings

CANADA
  • Ahead of the BoC minutes and FOMC decision, the loonie has slipped to bottom of the G10 pack today in a close contest with CHF and SEK.
  • It’s recently stopped just short of yesterday’s high of 1.3737 (+0.15%), lifting further off support at yesterday’s low of 1.3644 but still a little off resistance at 1.3814 (Mar 15 high) with the bull trigger at 1.3862 (Mar 10 high).

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