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USD/CAD pennant top at 1.2627 reinforced by upper 21-d Bolli

Source: Thomson Reuters


  • Pennant top at 1.2627 reinforced by upper 21-d Bolli at 1.2636 last

  • Pair underpinned by data, oil; USD-CAD 2-yr yield spreads rise for 2nd session also aid 

  • Pair needs close above 1.2627 to resume main uptrend, target Jan 30 1.2800 peak

  • USD/CAD to WTI 60-d log correlation is at -0.84: extreme

  • Market Data
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