- Analytics
- News and Tools
- Market News
- USD/CAD: Test of 1.28 to signal a clearer worsening of technical picture – Scotiabank
USD/CAD: Test of 1.28 to signal a clearer worsening of technical picture – Scotiabank
USD/CAD is trading in the mid-1.28s, its weakest level since last Tuesday. A slump to the 1.28 level would signal a clearer worsening of its technical picture, in the view of economists at Scotiabank.
Resistance aligns at 1.2880/00
“The pair remains relatively far from a test of 1.28 that would signal a clearer worsening of its technical picture.”
“USD support stands at the 50-day MA of 1.2832, Tuesday’s low of 1.2819, and the big figure area.”
“Resistance is 1.2880/00 followed by ~1.2925 and Friday’s peak of 1.2966.”
© 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
