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AMD: Wilde Achterbahnfahrt nach den Zahlen
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Tesla: Aktie rutscht weiter ab
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Plug Power: Ist die Korrektur jetzt vorbei?
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Plug Power mit Kurssprung: Ist die Talfahrt zu Ende?
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Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch
2021-02-10 12:00:00
Justin McQueen,
Analyst
CAD/JPY | Bullish Momentum Persists
USD/CAD | Rising Oil Prices Underpins CAD Gains
Last week had largely been characterised as a sell the rally bias with the 1.2850-70 area capping upside. Alongside this, with the weak Canadian jobs report quickly shrugged off, momentum has once again shifted to the downside. Brent crude futures have continued its impressive run with prices above $61, which is likely to keep the Loonie underpinned and thus makes the currency among the preferred choices for a renewed USD bearish trade. On the downside, support is situated at 1.2620-25 with the YTD low at 1.2586.