Loonie has been quite volatile in the past couple of weeks. For some time it has appeared more sensitive to U.S./Canada yield differentials than oil prices but is nevertheless still contained in the 2016 trading channel.
The ascending trendline comes in near 1.3175 today with 200 DMA at 1.31 and then 2009 high at 1.3065. 100 DMA (1.3250) is the immediate resistance while 50 DMA currently runs just below 1.34.
The ascending trendline comes in near 1.3175 today with 200 DMA at 1.31 and then 2009 high at 1.3065. 100 DMA (1.3250) is the immediate resistance while 50 DMA currently runs just below 1.34.