Loonieviews December 9, 2013


USDCAD Open 1.0651-56 Overnight Range 1.0639-1.0660

Original post on Saxo Bank’s Trading Floor

The USDCAD chopped around in a narrow range to start the week. The AUDUSD got an early bid on a larger than expected China trade surplus but the details weren’t so wonderful and it gave back its gains, Fed speakers today and a lack of top tier data until Thursday suggest that choppy consolidation of Friday’s FX moves will be the day’s theme. Gold is at $1,229.50 and WTI oil is at $97.50/bbl.

The intraday USDCAD technicals are bearish while trading below 1.0665 with a break of 1.0620 pointing to deeper losses to 1.0570. Above 1.0665 targets 1.0710

Today’s Range 1.0635-65

Categories FX, Foreign Exchange, Currency, Canadian Dollar

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

search previous next tag category expand menu location phone mail time cart zoom edit close