- Analytics
- News and Tools
- Market News
- USD/CAD: Risk appetite remains a headwind for the Loonie – Scotiabank
USD/CAD: Risk appetite remains a headwind for the Loonie – Scotiabank
The CAD is trading little changed against the USD once again. Volatile risk appetite remains a headwind for the Loonie, economists at Scotiabank report.
Valuation and a somewhat overbought USD may limit CAD losses
“Volatile risk appetite remains a headwind for the CAD but valuation and a somewhat overbought USD may limit losses for now.”
“Markets have little incentive to move an overbought USD significantly higher at this point but there is not much reason to fight the short-term uptrend in funds either.”
“Support is 1.3675/80.”
“Resistance is 1.3815 and (firmer) 1.3865.”
© 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
