Scotiabank suggests that there will likely be strong resistance in the USDCAD pair between the levels of 1.3350 and 1.3375.

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USDCAD Chart by TradingView

The Canadian Dollar is softer on the day. Economists at Scotiabank analyze USD/CAD outlook.

See: USD/CAD to move lower in the coming weeks and break through support at 1.31 – HSBC

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