USD / CAD – Early Rise Recedes Amid Rising Oil, Falling UST Yields

USD / CAD slips into Europe close, eyes 1.2300;  Tues range 1.2344-1.2276

Oil gains, UST yields soft, diverging US-CA policy aids CAD strength

Tone remains USD bearish, pair keeps tether to falling day / month Bolli’s Support at 1.2266 April 30’s 2021 low, 1.2250 Jan ’18 monthly low 

USD bulls need to regain falling 10-DMA 1.2375, need rise into daily cloud at 1.2530 to gain momentum

Source:https://plus.efxdata.com/news/insights

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