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Views on US Dollar/Canadian Dollar
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  • 2d
    Michael O'Neill Michael O'Neill
    I agree with you. Do you think Poloz is deliberately sending mixed messages to prevent a loonie rise?
    2d
    Jim Earls Jim Earls
    Seems to be the game of all over the place right now-talk down your currency-hope for the best.
    1d
    As Kurniawan As Kurniawan
    ok masta thank you
  • Squawk / Thursday at 8:19 GMT
    Dan Larsen Dan Larsen
    FX Options Dealer / Saxo Bank
    Denmark
    FX Options: The FX Options market has really entered easter mode and frontend vols are in free fall at the moment. The only ccy pair where the vols are close to unchanged is USDCAD where we have CPI numbers out later today.
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  • Squawk / Thursday at 0:44 GMT
    Michael O'Neill Michael O'Neill
    FX Consultant / IFXA Ltd
    Canada
    USDCAD Toronto Range 1.0963-1.1034 Toronto close 1.1013. The Bank of Canada statement was deemed to be doveish and currency references in the MPR provided support for the view. Nevertheless, it was not doveish enough for USDCAD resistance in the 1.0440-60 area to be tested> Janet Yellen didn't offer anything new which is partly why the US dollar slipped vs the majors.

    The short term USDCAD technicals are bearish below 1.1040 but facing minor support at 1.0990 which guards stronger support at 1.0970. A move below 1.0970 should lead to 1.0910 while a move above 1.1060 will target 1.1160

    Range until Toronto 1.0990-1.1020
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    2d
    As Kurniawan As Kurniawan
    so where i have to OP buy or sell ,,thanks Masta
    2d
    Michael O'Neill Michael O'Neill
    Intraday: USDCAD is in short term uptrend while trading above 1.0995 with good resistance in the 1.1040-60 area, Currently, I think USDCAD is almost in the middle...
  • Squawk / Tuesday at 12:09 GMT
    Michael O'Neill Michael O'Neill
    FX Consultant / IFXA Ltd
    Canada
    USDCAD Overnight Range 1.0960-1.0998
    USDCAD traded quietly in the 1.0990-1.1010 resistance zone feeling a tad bid ahead of the Bank of Canada statements and MPR tomorrow. The degree doveishness in the reports will be key. Meanwhile the US dollar is struggling for further gains against the majors and on full alert ahead of today's Fed speakers, including Janet Yellen. Data wise, US CPI and NAHB housing index are due as well as Canada Manufacturing Shipments. Gold is $1,305.90 and WTI oil is $103.11

    The intraday USDCAD technicals are bullish while trading above 1.0970 but facing resistance in the 1.0995-1.1005 area which is guarding additional resistance between 1.1020-40. A break above 1.1040 leads to 1.1070 while a move below 1.0970 suggests a retest of 1.0910. For today, USD support is at 1.0970 and 1.0950. Resistance is at 1.0995, 1.1010 and 1.1020

    Today's Range 1.0950-1.1010
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