CAD Weakens, USD Rebounds Above 1.37 Amid Market Shift
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3640-1.3880
Euro 1.5810-1.6060
Sterling 1.8320-1.8570
WTI Oil (opening level) $66.69
The CAD/USD is opening at 1.3766 ( 0.7264 )
CAD is weaker and has moved above yesterday's intraday low versus the USD in generally featureless trade
Risk appetite has strengthened in overnight markets and spreads are maintaining the narrowing trend that has taken the USD’s yield advantage at the 2Y sector of the curve back to its lowest since December (near 110bps), which is helping the fair value estimate for spot hold near 1.36 (1.3592 currently). The USD’s drift away from its equilibrium estimate persists, however, on the back of its broader recovery from yesterday’s sell-off.
A rebound from yesterday’s USD sell-off has extended USD gains to a marginal new, short-term high just above 1.3760. USD momentum is not particularly strong but nor is the USD rebound especially stretched.
Spot is pressuring 50-day MA resistance (1.3738), which held on a daily close basis yesterday but a clearer push above 1.3750 will suggest a quick retest of the June high at 1.38.
Support is 1.3650/75.
Recover Your Lost Or Scammed Crypto Currency Today || With The Help Of Rescue Team Recovery Company. As more people invest in Bitcoin and other cryptocurrencies, the risk of losing access to digital assets rises daily. When individuals find themselves locked out of their wallets or fall victim to scams, This is where professional recovery services come into play. Hiring a professional recovery company, such as RESCUE TEAM RECOVERY, can be quite helpful in understanding the intricate world of cryptocurrency recovery. RESCUE TEAM RECOVERY has vast experience with cryptocurrency recovery. Their combination of expertise, tailored solutions, confidentiality, and track record of success makes them an invaluable ally in reclaiming lost assets. Reach Out Today For Help To Recover Your Scammed, Lost Or Hacked crypto currencies or bank monies. Eml: Rescueteamrecovery@cyberservices.com https://youtube.com/shorts/37MoxhwYdxQ?si=3zRhDZWTIQK27_cS
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3700-1.3930
Euro 1.5540-1.5790
Sterling 1.8310-1.8550
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3550-1.3650
Euro 1.4825-1.4925
Sterling 1.7175-1.7275
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2600-1.2700
Euro 1.4850-1.4950
Sterling 1.7300-1.7400
