USD/CAD to stabilize within the 1.33-1.34 range - OCBC

FXStreet notes that the USD/CAD pair found little traction north of the 1.3400 resistance, before retreating back towards the 1.3350-locus. The loonie is trading on Friday in the mentioned 1.3350-neighborhood and Terence Wu, FX strategist at OCBC Bank, expects USD/CAD to consolidate within the 1.3300-1.3400 range.

“Downside impetus for the loonie is limited.” 

“Expect the USD/CAD pair to turn consolidative between 1.3300 and 1.3400, with a slight upside bias going forward.”