Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD reaches first upside target as it sets a new 2024 high
Some days back, when the USD/CAD busted above 1.3623 a potential upside target level was outlined here, at around 1.3725. Well, eventually that price point has now been reached. The USD/CAD nailed that level yesterday afternoon on the 4pm London Fix. A bout of profit-taking from 1.3725 did kick in, into the US close. The USD/CAD closed last night at 1.3689, but it is now rising again and a short while ago it set a new 2024 high at 1.3729. As to where next remains a little less certain, but overall this is being driven by a wider dollar index (USDX) move, remembering that the Canadian dollar is a leading component within that index make-up. The USD/CAD is just now trading at 1.3723
Market News
All News-
USD/JPY rises towards 144 after US consumer sentiment revised higher
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
-
US stocks turn lower as US data awaits - Dow Jones leads the way
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
-
Bitcoin has a look at 95k this afternoon
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
