#USDCAD @ 1.33770 to pressure support in the low 1.33 zone – Scotiabank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
USD/CAD holds range above 1.33. Economists at Scotiabank expect the pair to test the low-1.33s.
“Short-term trading patterns show the USD finding good support on minor dips to the 1.3315/20 zone over the past 24 hours and a snap higher in European trade has put a positive print on the intraday chart for the USD from around that point. But upside potential looks pretty limited, with evidence of better USD selling pressure emerging around or above 1.34 in recent days.”
“More generally, the USD appears to be consolidating ahead of another push lower (bear flag pattern); key support is 1.3320 intraday and resistance is 1.3395/00.”
[/s2If]
Join Our Telegram Group
