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USD/CAD neutral/bullish near-term – Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Eric Theoret, Currency Strategist at Scotiabank, noted the neutral-to-bullish stance in the pair for the short-term.

    Key Quotes

    “Movement in USDCAD has been relatively limited, with noted support at 1.3650 and considerable near-term resistance in the 1.3800-1.3850 range”.

    “Bearish trend and momentum signals continue to moderate and we look to gains above 1.3900”.
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