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CAD Crosses At A Glance

Published 10/24/2018, 04:42 AM
Updated 05/14/2017, 06:45 AM

Markets lie in wait ahead of today's BOC meeting, so we take a look at USD/CAD, GBP/CAD and AUD/CAD to mark key levels for the aftermath.

USD/CAD Daily

  • Consolidating between the September high and the upper bearish channel.
  • The longer-term uptrend and weak oil prices favour a bullish breakout.
  • The BOC meeting in a few hours could be a ‘make or break’ situation for CAD at this pivotal level.

USDCAD

GBP/CAD Daily

  • An evening star reversal formation marks a failed attempt to break above September’s high.
  • Back within range, it’s consolidating above support around 1.6925/62.
  • A break of support opens up run for the November low.

GBPCAD

AUD/CAD Daily

  • Trades within an established bear trend.
  • Both the September and October highs produced a failure spike higher and bearish inside day before turning lower.
  • A break of 0.9244 exposes the 2018 low at 0.9105

AUDCAD

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