Home USD/CAD neutral, within 1.2820-1.3050 near term – Scotiabank
FXStreet News

USD/CAD neutral, within 1.2820-1.3050 near term – Scotiabank

The pair is seen within a 1.2820-1.3050 range in the short-term horizon, noted FX Strategists at Scotiabank.

Key Quotes

USDCAD struggled to extend much beyond 1.2980 resistance on Thursday and subsequent congestion has centered around 1.2950″.

“Daily momentum signals are neutral and DMI’s are muted/trendless. The weekly chart is showing a doji (uncertainty) just below the 100 week MA (1.2976)”.

“We await a break of this week’s wide range roughly bound between 1.2820 and 1.3050″.

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.