USDCAD holding above retracement pivot at 1.3439 – RBC CM

Adam Cole, Research Analyst at RBC Capital Markets, suggests that the USD/CAD has held above their retracement pivot at 1.3439 after a move higher in US interest rates lent broad based support to USD once again.

Key Quotes                           

“Minor event risk will present itself today in the form of the November CFIB Business Barometer release (no consensus, prior 57.7). Support is located at 1.3459 and 1.3378, with resistance coming in at 1.3540 and 1.3575.”