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USDCAD Near Post-Banking Crisis Lows Ahead Of CPI

CANADA
  • USDCAD at 1.3661 has pulled off intraday highs approaching 1.37 to sit near post-banking woe lows of 1.3652 touched on Mar 14 & 20.
  • Ahead of CPI, a further push lower for the pair could open support at the 50-day EMA of 1.3572 whilst resistance is seen at 1.3814 (Mar 15 high).
  • No particularly large option expiry for today’s NY cut but reasonable grouping around the 1.37 handle with 1.3690 (429mln), 1.3700 (320mln), 1.3715 (277mln).

Source: Bloomberg

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