FX Strategists at Scotiabank remain neutral/bullish on the pair, adding that support should be below 1.3280 in the near term. Key Quotes “USDCAD’s renewed gains are violating the bearish reversal signal delivered on Friday”. “Momentum indicators are bullish and showing signs of renewed strength. DMI’s are confirming and the ADX is suggestive of firming trend strength”. “USDCAD is back above Friday’s closing high in the lower 1.33s and near-term resistance appears limited between 1.3320 and Friday’s intraday high in the upper 1.33s. We look to near-term support below 1.3280″. 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 NZD/USD Technical Analysis: flirting with an important horizontal support FX Street 3 years FX Strategists at Scotiabank remain neutral/bullish on the pair, adding that support should be below 1.3280 in the near term. Key Quotes "USDCAD's renewed gains are violating the bearish reversal signal delivered on Friday". "Momentum indicators are bullish and showing signs of renewed strength. DMI's are confirming and the ADX is suggestive of firming trend strength". "USDCAD is back above Friday's closing high in the lower 1.33s and near-term resistance appears limited between 1.3320 and Friday's intraday high in the upper 1.33s. We look to near-term support below 1.3280". Top 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.
