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USDCAD Sees Decent Intraday Rise Ahead Of Rogers

CANADA
  • With less than an hour to go until Senior Dep Gov Rogers' remarks are published at 1340ET (before the speech itself starts 1355ET), USDCAD has seen a 40-pip intraday climb to leave it back near the 1.38 handle again. The move comes despite little change in BBDXY over the same period.
  • Post-BoC decision highs of 1.3815/extended to 1.3817 at night, have opened potential resistance at 1.3855 (Oct 21 high) before a stronger 1.3898 (Oct 14 high). To the downside sits 1.3705 (Dec 16 high), cleared two days ago having previously been the bear trigger.

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