CAD

Canada May producer price index -1.0% m/m vs -0.7% expected

• Canadian May pipeline price data

What would an AI-based Bank of Canada do?

The sellers are winning in the USDCAD. What would turn that bias around?

• USDCAD trades below a key swing area between 1.3207 and 1.32299

USD/CAD break lower may have legs to run

• But oil market sentiment could still hurt the loonie a fair bit

USDCAD Technical Analysis - Key moment

• The USDCAD is at a key support level.

USDCAD moves to a key swing area between 1.3207 and 1.3229

• Move below 1.3207 would open the door toward 1.3132

Canada existing home sales for May 5.1% versus 12.1% expected

• Canadian existing home sales for May

Canada May housing starts 202.5K vs 235.0K expected

• May Canadian housing starts data

USDCAD moves to a new session low ahead of Fed rate decision

• USDCAD trades to lowest level since February 2, 2022

Goldman Sachs foresees limited upside for euro, prefers short EUR/CAD exposure

• Strategy from Goldman Sachs ahead of the FOMC

USD/CAD breaks the April and May lows, nears the range-bottom

• USD/CAD down 73 pips today

USDCAD falls below the lows going back to early May, but only just barely...

• The USDCAD failed on break of resistance at 100 hour moving average as well

USDCAD Technical Analysis - At a key support

• The USDCAD completed another lap and it’s back at a key support.

USDCAD tests its falling 100 hour MA on bounce off

• USDCAD tests the falling 100 hour MA at 1.33652

USD/CAD takes a look below key trendline support to start the week

• The technical development here is one that is whetting sellers' appetite