USD/CAD is little changed on the session. Economists at Scotiabank expect the pair to trade in a 1.35-1.37 range for now.

Durable rebound in risk appetite still needed to lift the CAD more sustainably

“We think USD/CAD is likely to hold in a choppy (perhaps downward-tilting) range for now between 1.35-1.37. A more significant and durable rebound in risk appetite is still needed to lift the Loonie more sustainably, we think.”

“We look for support in the upper 1.34/low 1.35 zone to hold up for now. Resistance is 1.3660/70.”