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USD/CAD turns to neutral outlook – Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Eric Theoret, Currency Strategist at Scotiabank, argued the pair’s outlook has now shifted to neutral.

    Key Quotes

    “We await a clear break of USDCAD’s three-session range roughly bound between 1.3780 and 1.3980”.

    “Bearish signals continue to moderate, however we note the clear resistance provided by the 200 hour MA just above 1.3900”.
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