USD/CAD Breaks Into 1.36712 as Structure Tightens

Research preview

USDCAD News And Catalyst Brief The headline set is not neutral around inflation, central-bank policy, commodity demand, and dollar direction. USDCAD has a balanced headline read, with inflation data, central-bank expectations, and growth releases setting the volatility backdrop. Final bias: neutral until price accepts a level outside the current pivot range. This improves the context, but follow-through still depends on price holding the relevant support or resistance area. Rbi's heavy fx footprint revives memories of a tightly managed rupee. despite volatile crude oil prices due to war in the middle east and persistent dollar demand from hedging flows, the rupee has demonstrated remarkably muted price action since last week. the...