Canada Foreign minister
She adds:
- We want to get a NAFTA deal as quickly as possible
- All NAFTA teams committed to getting agreement done
- Auto rules would be core of successful NAFTA
- NAFTA ministerial talks will continue on Friday
- Says good progress made on NAFTA rules of origin
- US, Canada and Mexico have a good progress on NAFTA rules of origin
The USDCAD is higher on the day after a corrective move to the 100 hour MA stalled the fall.
The pair is trading at the highest level since April 9th and approaches the key 100 day MA at 1.26785. The 38.2% of the move down from the April high, comes in a bit higher at 1.26859. That area is a key resistance ceiling. Look for sellers to lean against the level.