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USD/CAD bullish near-term – Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Currency Strategist at Scotiabank Eric Theoret noted the bullish tone of the pair in the near term.

    Key Quotes

    USDCAD has made a decisive break of its prior multi-week range and is now flirting with 1.4100 at fresh-multi year highs”.

    “We note that there are few significant resistance levels ahead of 1.4500 (middle chart). Support is expected around 1.3950”.
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