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USDCAD Touches Session Lows Ahead Of US CPI

CANADA
  • USDCAD touches a low of 1.3321 (-0.1%) to push through yesterday’s 1.3325, although CAD continues to lag other risk sensitive peers with broader USD weakness ahead of US CPI.
  • The pair sees a more typical response to the S&P e-mini pushing higher after a notable fading of a >1% gain yesterday.
  • Support is still seen at 1.3262 (Feb 2 low) with the bear trigger at 1.3226 (Nov 15 low), whilst resistance is seen at 1.3475 (Feb 6 high).


Source: Bloomberg

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