FX Strategist Eric Theoret at Scotiabank has reiterated the bearish/neutral stance in USD/CAD in the near-term. Key Quotes “Both the MACD and RSI hint to a deceleration in the pace of decline”. “Thursday’s sizeable drop was followed by Friday’s remarkably narrow range, suggesting a considerable degree of uncertainty”. “Near-term support is expected in the range between 1.3500 and 1.3520. Resistance is expected at 1.3620 and 1.3650”. For more information, read our latest forex news.