FX Strategists at Scotiabank remain neutral/bearish on USD/CAD in the short-term horizon and faces resistance in the 1.3180/1.3200 area. Key Quotes “Daily momentum indicators are neutral and trend strength signals are muted”. “The weekly chart remains bearish following the completion of a key reversal in June, and last week’s candle is suggestive of exhaustion”. “We look to near-term weakness through the recent lows in the 1.3110 area toward the 50 day MA (1.3079). Near-term resistance is expected between 1.3180 and 1.3200″. 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 UK Brexit Sec Raab: UK must prepare for all Brexit eventualities FX Street 5 years FX Strategists at Scotiabank remain neutral/bearish on USD/CAD in the short-term horizon and faces resistance in the 1.3180/1.3200 area. Key Quotes "Daily momentum indicators are neutral and trend strength signals are muted". "The weekly chart remains bearish following the completion of a key reversal in June, and last week's candle is suggestive of exhaustion". "We look to near-term weakness through the recent lows in the 1.3110 area toward the 50 day MA (1.3079). Near-term resistance is expected between 1.3180 and 1.3200". 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.
