Talking Points: -USD/CAD Technical Strategy: Stay With Trend Above 1.3456 -USD/CAD Has Been Pushed Higher As WTI Crude Oil Prints 6-Year Lows USD/CAD punched higher to new 11-year highs and looks poised to close in on the 2004 high of 1.3908. There is a lot of doubt surrounding the US Dollar going into December 16, the date the Federal Reserve is presumed to announce a rate hike and lay out the requirements for subsequent hikes. Though it may appear tempting to sell ...
Talking Points: Support: 2089.40, 2081.20, 2072.90Resistance: 2099.50, 2115.90, 2137.10 The SPX 500 turned downward anew after finding resistance above the 2100.00 figure, dropping the most in five months. A daily close below the 38.2% Fibonacci expansion at 2089.40 exposes the 50% level at 2081.20. Alternatively, a reversal above the 23.6% Fib at 2099.50 clears the way for a challenge of the July 31 high at 2115.90. ...
photo by Jurijs Suhodolskis
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