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USDCAD Near Session Lows As S&P E-Mini Holding Push Above Resistance

CANADA
  • USDCAD is back near session lows of 1.3525 (-0.2%), with the S&P e-mini just about holding clearance of resistance (4515.52) to help offset WTI giving up most of its earlier gains.
  • The decline in the pair comes with broader USD weakness, although CAD has clawed itself back more towards mid-pack on the day having underperformed across most crosses earlier in the session.
  • Support is nearby at 1.3510 (Aug 24 low) after sizeable retracement from 1.3637 yesterday and last week’s 1.3640 but trend conditions remain bullish with resistance seen at the latter.

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