• USD/CAD to slump towards 1.26 on a break under 1.2650 – Scotiabank

Market news

9 tháng 2 2022

USD/CAD to slump towards 1.26 on a break under 1.2650 – Scotiabank

USD/CAD trades modestly lower below the 1.27 level. The pair remains out of reach of key support at 1.2650 – removal of which would open up 1.26, economists at Scotiabank report.

Key resistance seen at 1.28

“A break under 1.2650 should see spot push back to the 1.25 area.”

“Resistance is 1.2720/30 and (key) 1.2800.” 

 

Market Focus
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
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.