- Analytics
- News and Tools
- Market News
- USD/CAD to have a free run at 1.30 on a break above 1.2950 – Scotiabank
USD/CAD to have a free run at 1.30 on a break above 1.2950 – Scotiabank
USD/CAD is extending Tuesday’s sharp squeeze higher from the 1.2820 area. Economists at Scotiabank note that the pair could reach the 1.30 level on a break past 1.2950.
USD gains unlikely to extend much above the 1.30 area
“Gains through the 20s target intraday strength to 1.2950 and, above here, spot would have a free run at 1.30+ again. We still see limited scope for USD gains to extend much above the 1.30 area, however.”
“Intraday support is 1.2865 and 1.2820.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
