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USD/CAD post US data blip - 1.2262 paid, oil algos dialed in

Source: Thomson Reuters US housing data was much better than forecast, USD bears edgy USD/CAD post US data blip - 1.2262 paid, stalled by algos dialed into WTI Pair back down to 28 given but holding as WTI slips back 21-…

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USD/CAD post US data blip - 1.2262 paid, oil algos dialed in
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Source: Thomson Reuters


  • US housing data was much better than forecast, USD bears edgy

  • USD/CAD post US data blip - 1.2262 paid, stalled by algos dialed into WTI

  • Pair back down to 28 given but holding as WTI slips back 

  • 21-HMA 1.2258 a deterrent to techies, -2.5 Bollis 21-HMA support

  • Daily cloud base resistance 1.2316

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