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USDCAD Session Highs On Lowest SPX Intraday Since Nov'20

CANADA
  • USDCAD touches session highs of 1.3771 as the S&P 500 touched the lowest intraday level since Nov’20, but the pair remains below yesterday’s cycle high of 1.3808 as continued geopolitical tensions have at least had an offsetting rise in WTI on the day.
  • That 1.3808 forms resistance after which sits 1.3822 (2.764 proj of the Aug 25 – Sep 7 – 13 price swing), whilst to the downside support is seen at 1.3468 (Sep 23 low).

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