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USDCAD Keeps To Prior Range Post Minutes

CANADA
  • USDCAD pushes higher post FOMC minutes but just about remains within session ranges as opposed to BBDXY which has seen new highs, with CAD outperforming on most crosses with the developing USD strength.
  • Touching 1.3555 but now back at 1.3545, it’s up 20 pips since shortly before the release. It’s off earlier highs of 1.356 that form initial resistance, clearance of which would open a more significant 1.3665 (Jan 6 high).

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