#USDCAD @ 1.34358 to test solid resistance at 1.3515/20 – Scotiabank
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USD/CAD tested the 1.33 area yesterday but is trading through the mid-1.34 area today. The pair could exnted its race higher to the 1.3515/20 region, economists at Scotiabank report.
“The USD made quick work of pushing through minor resistance in the mid-1.33s and has extended through stiffer, short-term resistance in the low-1.34s.”
“USD/CAD gains risk extending to retest key near-term resistance around 1.3515/20 in the short run, where we expect more solid resistance to the USD’s advance.”
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