The results of the Canadian election brought frustration to almost everyone – the liberal winners, but short to a majority, the conservatives saw a jump in popular support but their leader failed to hold his own ride while both NDP and Bloc were gone, the chief strategic FX strategic FX Shaun Osborne.
USD Dowstrend remains well established in the daily chart
“PM Carney has to cooperate with minority parties-Bloc may be-to pass the law. While the CAD has slipped marginally to overnight trade but the trading has been a little changed today and the risk of the USDCAD return to pricing shows a little change in skew by 1, 3- and 6-month about other minority governments at this point-the challenges for Canada. ”
“The spot will continue to integrate with short-term charts, with a broader USD decline in finding some support against a wide range of congestion located below the low week of 1.3781 low.”
“The USD Downtrend remains properly established in the daily chart that will help limit the range for USD rebounds in the near term.
