- USD/CAD: Break below 1.3380 to trigger more losses to the mid-1.33 zone – Scotiabank
Market news
10 January 2023
USD/CAD: Break below 1.3380 to trigger more losses to the mid-1.33 zone – Scotiabank
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.
Key support is located at 1.3220
“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
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