USDCAD trades to a new intraday high. Looks toward 100 hour MA for more buying confidence.

The USDCAD is making a brand new session excessive and within the course of is taking a peek above a swing space between 1.3348 and 1.3353. Getting and staying above the realm, after which testing – and shifting above – the falling 100-hour shifting common at 1.37707 could be wanted to extend the bullish bias and provides extra confidence that the underside is in place (at the least within the brief time period).

Shares are on tempo for his or her first decline in 10 days (for the Dow and Nasdaq at the least). Yields are nonetheless decrease on the day, however the greenback taking clues from the inventory reversal (if shares can go decrease, the USD can rebound).