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USDCAD In Middle Of Post ISM Services Range Pre US CPI

CANADA
  • USDCAD trades circa 1.362 (-0.1%) off a daily low of 1.3603 with CAD towards the mid-pack of G10 FX on the day.
  • It sits in the middle of the 1.356-1.3700 range seen since the US ISM beat on Dec 5.
  • Ahead of US CPI, resistance is seen at 1.3700 (Dec 7 high) with support at 1.3493 (former trendline resistance).

Source: Bloomberg

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