• USD/CAD: Directional risks tilted to the downside – Scotiabank

Noticias del mercado

12 septiembre 2023

USD/CAD: Directional risks tilted to the downside – Scotiabank

USD/CAD holds below 1.36. Economists at Scotiabank analyze the pair’s technical outlook.

Losses through the upper 1.35s to open up the low 1.35s

Short-term price patterns suggest a minor consolidation in the USD after spot edged back from last week’s peak near 1.37. The pattern of trade suggests a small bear wedge pattern in development which tilts directional risks to the downside for spot. 

USD gains are curbed by resistance in the low 1.36 zone. 

Losses through the upper 1.35s (and below Monday’s low around 1.3560/65) should see spot edge back to the low 1.35s.

 

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: