• USD/CAD: Technical pointers are tilted lower – Scotiabank

Noticias del mercado

6 junio 2023

USD/CAD: Technical pointers are tilted lower – Scotiabank

CAD gets a minor lift ahead of tomorrow’s BoC decision. Economists at Scotiabank analyze USD/CAD outlook.

USD/CAD to retest the low 1.33 zone once below 1.34

A minority of forecasters (including a couple of other Canadian banks and two, large Wall St firms) have joined Scotia’s call for a 25 bps hike this week but this remains a non-consensus call. 

Markets may hold intraday – considering tomorrow’s nontechnical event risk – before a move develops but the technical pointers are tilted lower. 

Resistance is 1.3465 and 1.3525/50.

Below 1.34, spot should retest the low 1.33 zone.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: