USD/CAD FX Morning Update September 23, 2013 Overnight Range: 1.0285-1.0314
FX Morning Update September 23, 2013
USD/CAD Open: 1.0301-1.0304 Overnight Range: 1.0285-1.0314
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $104.16 and gold is at $1,322. NY futures are mixed today.
The short term Canadian dollar technicals are bearish. For today, USD resistance is at 1.0360, 1.0580 and 1.0850. Support is at 1.0150, and 1.0010.
US FED officials speak this week and this could provide some more insight in to tapering thoughts and timing. Chinese manufacturing data was better than expected overnight. Look for the USD/CAD to be rangebound until further data releases help provide direction.
Today’s Suggested Range USD/CAD: 1.0250 – 1.0350
Rahim Madhavji | Knightsbridge Foreign Exchange
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By Admin | September 23, 2013 | Daily Update |
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