FX Strategists at Scotiabank sees momentum for a break of the prevailing theme in either direction is building up in USD/CAD. Key Quotes “Funds closed softly on the chart yesterday (outside range day lower) but the market remains stuck around the 1.31 level where spot has closed for the past three weeks”. “Flat range trading is robbing the market of momentum and raises the bar for a significant, directional break out”” either way, we feel”. “We see support at 1.3065/75, near recent lows and the 40-day MA. We expect resistance at or around 1.3175″. 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 GBP/USD rises back above 1.3100 ahead of FOMC decision FX Street 4 years FX Strategists at Scotiabank sees momentum for a break of the prevailing theme in either direction is building up in USD/CAD. Key Quotes "Funds closed softly on the chart yesterday (outside range day lower) but the market remains stuck around the 1.31 level where spot has closed for the past three weeks". "Flat range trading is robbing the market of momentum and raises the bar for a significant, directional break out"” either way, we feel". "We see support at 1.3065/75, near recent lows and the 40-day MA. We expect resistance at or around 1.3175". 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.
