> USDCAD follows the USD higher. Trades back above 100/200 hour MAs

USDCAD follows the USD higher. Trades back above 100/200 hour MAs

Despite the higher oil, the USDCAD is moving higher today (lower CAD)

Wednesday, 05/10/2022 | 15:14 GMT

The USDCAD is moving higher back above its 100/200 hour moving averages near the 1.3666 area. Stay above keeps the buyers more in con from a shorter-term technical perspective.

Most Popular

ICYMI: US ordered TSMC to halt shipments to China of chips used in AI applications
Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue
Bank of Japan Deputy Governor Uchida comments - not on economy, monetary policy, or yen!
Canadian dollar falls to the lowest since 2020
Barkin: Fed does watch carefully if 10-year yield driven by inflation expectations
US dollar jumps as Fed officials highlight higher neutral rate, sticky CPI
USD/CAD rises above 1.40 for the first time since 2020

Contact us
Newsletter

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}