USD/CAD momentum negative, 24-hr M/A crossing 200-hr M/A first time this week.
We tested 200-hr M/A this AM, sustained positive gains above for just 40 minutes.
We stalled in front of 24-hr M/A at 1.0184 peak (M/A 1.0187) and have been below.
24-hr M/A since 2.00 PM yesterday. We caromed off 200-hr O/B level this week.
+2.0 at 1.0244, suggests we should test at least -2.0 with this negative cross.
-2.0 1.0107, -3.0 1.0073; -3.0 is about as good as it gets ... BoC meet next week.
No change expected, Lockhart comments dovish today ... downside test Monday.
We tested 200-hr M/A this AM, sustained positive gains above for just 40 minutes.
We stalled in front of 24-hr M/A at 1.0184 peak (M/A 1.0187) and have been below.
24-hr M/A since 2.00 PM yesterday. We caromed off 200-hr O/B level this week.
+2.0 at 1.0244, suggests we should test at least -2.0 with this negative cross.
-2.0 1.0107, -3.0 1.0073; -3.0 is about as good as it gets ... BoC meet next week.
No change expected, Lockhart comments dovish today ... downside test Monday.
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