FX Strategists at Scotiabank see the pair navigating in the 1.3000/1.3200 range for the time being. Key Quotes “Domestic rate expectations are steady with OIS pricing roughly 18bpts of BoC tightening by December. Yield spreads are also unchanged, and CAD continues to trade with a modest discount to our FV estimate of 1.3033. Monday’s release of international securities transactions data is unlikely to be market moving as market participants look to Tuesday’s manufacturing sales and Friday’s retail sales and CPI data. We remain medium-term CAD bulls with a Q3 USDCAD target of 1.28″. “Momentum indicators are neutral and trend strength indicators have faded. The weekly chart remains bearish following the key reversal from late June however we await a break of the one week range roughly bound between the mid-1.3000 area and 1.3220″. 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 EUR/USD Technical Analysis: EUR/USD retreating from daily highs en route to test 1.1700 support FX Street 5 years FX Strategists at Scotiabank see the pair navigating in the 1.3000/1.3200 range for the time being. Key Quotes "Domestic rate expectations are steady with OIS pricing roughly 18bpts of BoC tightening by December. Yield spreads are also unchanged, and CAD continues to trade with a modest discount to our FV estimate of 1.3033. Monday's release of international securities transactions data is unlikely to be market moving as market participants look to Tuesday's manufacturing sales and Friday's retail sales and CPI data. We remain medium-term CAD bulls with a Q3 USDCAD target of 1.28". "Momentum indicators are neutral and trend strength… 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.
