#USDCAD @ 1.33942 : Break below 1.3380 to trigger more losses to the mid-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)]
The USD/CAD pair is trading unchanged in the session. Economists at Scotiabank believe that the cross could sustain losses on a dip under the 1.3380 mark.
“We spot intraday resistance at 1.3420 and support at 1.3380; weakness below 1.3380 should trigger more USD losses to the mid-1.33 zone.”
“Key support remains at 1.3220.”
“Resistance is located at 1.3510/15.”
See – USD/CAD: Support area at 1.3225/03 to serve as a firm floor to avoid further weakness – Credit Suisse
[/s2If]
Join Our Telegram Group
