- Analytics
- News and Tools
- Market News
- USD/CAD: Charts suggest a fairly easy push on to the 1.36/1.37 range – Scotiabank
USD/CAD: Charts suggest a fairly easy push on to the 1.36/1.37 range – Scotiabank
USD/CAD has established above the 1.35 level. Economists at Scotiabank expect the pair to test the 1.36/37 area.
Flows are liable to favour the USD
“Risk appetite looks soft and flows are liable to favour the USD in the short run.”
“A bullish alignment of intraday and daily DMI oscillators supports the bullish backdrop for the USD; the charts suggest a fairly easy push on to the 1.36/1.37 range from here to retest the peaks seen in December.”
See: CAD is likely to struggle to make considerable ground against USD and EUR for now – Commerzbank
© 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
