Ekonomické zprávy

USD/CAD to reverse back higher towards the low 1.27s – Scotiabank

USD/CAD has probed the 1.26 level before rebounding. Economists at Scotiabank do not expect the pair to suffer another leg lower and note that a break above the 1.2655/60 area would open the door towards the 1.27 level.

200-day moving average aligns at 1.2570

“Intraday price action suggests the low for spot is in for the session at least.”

“Gains back above 1.2655/60 resistance will likely prompt additional gains to the low 1.27s.” 

“Support is 1.2590/00. The 200-day MA is 1.2570.”


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