Canadian Dollar: Eyes 200-DMA against USD as politics contained – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/CAD trading higher toward key resistance at its 200-day moving average near 1.3812, with Canadian data seen as unlikely to shift markets. Haddad notes Alberta’s planned nonbinding separation referendum but stresses polls show limited appetite for separatism, suggesting contained Canadian Dollar (CAD) risk despite elevated political noise.

Pair eyes 200-day while Alberta votes
“USD/CAD is up and nearing important resistance at its 200-day moving average (1.3812). Canada March retail sales print is unlikely to be market moving. Statistics Canada advance estimate suggests that sales increased 0.6% m/m vs. 0.7% in February.”