#USDCAD @ 1.35362 : Charts suggest a fairly easy push on to the 1.36/1.37 range – 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 has established above the 1.35 level. Economists at Scotiabank expect the pair to test the 1.36/37 area.
“Risk appetite looks soft and flows are liable to favour the USD in the short run.”
“A bullish alignment of intraday and daily DMI oscillators supports the bullish backdrop for the USD; the charts suggest a fairly easy push on to the 1.36/1.37 range from here to retest the peaks seen in December.”
See: CAD is likely to struggle to make considerable ground against USD and EUR for now – Commerzbank
[/s2If]
Join Our Telegram Group
