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.
“A break under 1.2650 should see spot push back to the 1.25 area.”
“Resistance is 1.2720/30 and (key) 1.2800.”