USDCAD runs higher as oil fall/stocks fall/US yields move higher

USDCAD is up, helped by: Lower oil. Crude oil fell $1.69 to $77.86. Today’s high was $79.85 with , lower shares. Major indexes are lower for the day, with the NASDAQ down -0.80%. This led to a shift away from risk Higher return. The two yields are trading near their intraday highs of .36%. The 10-year yield rises 2.7 basis points to 3.886 D . Looking at the hourly chart above, today’s low stopped near yesterday’s low. Failure to increase the green light of gay buyers to drive higher. A positive / bullish development was also a retracement above the 50% midpoint of the November 25th rally low of 1.35102. The price recently moved above the 100 hourly moving average at 1.3579 . The high reached 1.35988 (just below the natural resistance at 1.3600). The 200 hourly moving average is 1.36108. If the price is between the 100 and 200 hourly moving averages, buyers and sellers will likely fight for additional control. A move below the 100 hourly moving average would give sellers more control. A break above the 200 hourly moving average gives buyers more control from a technical perspective.

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.