- USD/CAD: Intraday losses through 1.3465 should extend further back to the 1.34 area – Scotiabank
Market news
22 tháng 9 2023
USD/CAD: Intraday losses through 1.3465 should extend further back to the 1.34 area – Scotiabank
Loonie resists US Dollar’s advance. Economists at Scotiabank analyze the USD/CAD technical outlook.
The 1.3375/1.3395 area remains firm support
Spot gains through 1.35 were strongly rejected on the short-term chart on Thursday and funds retain a firm downward bias in the short run on the back of still bearishly-aligned DMI oscillators for the USD.
Intraday losses through 1.3465 should extend further back to the 1.34 area in the next day or so. The 1.3375/1.3395 area remains firm support, however.
Resistance is seen at 1.3500/1.3520.
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 disclaimerOpen Demo Account & Personal Page