USDCAD: Weakens, Targets The 1.0850 LevelUSDCAD: With USDCAD selling off strongly, further downside is likely in the days ahead. On the downside, support lies at the 1.0850 level followed by the 1.0800 level where a break will aim at the 1.0750 level and then the 1.0700 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at the 1.0950 level where a violation will target the 1.1000 level followed by the 1.1050 level. Further out, resistance…See More
"German 1, 2 and 3 Year yields now negative, 4 year is another negative announcement from going negative. Guess Draghi is doing all he can. Spreads widen, EUR/USD bottom is near. USD/CAD Spreads since 6/2 - Present saw Minus 0.67 - Minus 0.51, tight…"
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