The pair’s outlook remains bullish in the short-term horizon, expecting to meet resistance in the mid-1.3200s, according to FX Strategists at Scotiabank. Key Quotes “USDCAD gains are less surprising from a technical perspective. The charts had been hinting at upside risk for the USD, with the market well-supported around the 40-day MA (1.3066)”. “Two failed pushes below 1.31 this week and an outside range yesterday put risks firmly towards additional USD gains in the short run to correct a little more of the late Jun slide from the 1.3385 peak”. “We still expect good resistance on USD gains to the low/mid 1.32s, however. Intraday support is 1.3145/55 and losses below here could see USD gains washed away fairly quickly”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US-China trade talks has intensified – TDS FX Street 5 years The pair's outlook remains bullish in the short-term horizon, expecting to meet resistance in the mid-1.3200s, according to FX Strategists at Scotiabank. Key Quotes "USDCAD gains are less surprising from a technical perspective. The charts had been hinting at upside risk for the USD, with the market well-supported around the 40-day MA (1.3066)". "Two failed pushes below 1.31 this week and an outside range yesterday put risks firmly towards additional USD gains in the short run to correct a little more of the late Jun slide from the 1.3385 peak". "We still expect good resistance on USD gains to the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
