Comments in line with others of late (including Mexican officials and Pres. Trump)
- NAFTA partners are making good progress on autos, but issues is fiendishly complex
- meeting at USTR to focus on autos rules of origin
- NAFTA deal "will be done when we're done"
- Believes auto rules will be the heart of the NAFTA deal
- modernized NAFTA that is a"Win Win Win" outcome is absolutely possible and could be really good for workers in all 3 countries
The USDCAD is down near the 50% of the move down from March high comes in at 1.28256. The 200 bar MA on the 4-hour comes in at 1.28165. That area from 1.28165-256 is a key barometer for bulls and bears. Stay above is more bullish. Move below and stay below is more bearish.
There have been 2 looks below the area today (low reached 1.2811) but the momentum stalled quickly (below yellow area in the chart below). We currently trade at 1.2825. Key area.
