USD/CAD: A breach of the 1.3725/50 is imminent – Scotiabank
16.08.2024, 12:35

USD/CAD: A breach of the 1.3725/50 is imminent – Scotiabank

The Canadian Dollar (CAD) is barely changed at all on the session, Scotiabank’s chief FX strategist Shaun Osborne notes.

Bulls may try to break above 1.3725/50

“Spot gains edged back above the 1.3725 area briefly—a couple of times—yesterday and remains close to that point this morning but the flat-ish range trade in place over the past week remains more or less intact. The USD is trading above my estimated fair value (1.3668 today) still but factors have turned marginally less CAD-supportive relative to earlier in the week.”

“Weaker crude prices and softer terms of trade may be mild CAD headwinds in the short run. Canada reports Manufacturing Sales, Housing Starts and International Securities Transaction data this morning. Preliminary Manufacturing Sales data for June, released with the May data, indicated a sharp, 2.6% m/m drop in sales in the month.”

“The USD sell-off has stalled but signs of a reversal are—so far—absent. The CAD’s failure to exploit the push under 1.3725 USD support this week might be disappointing from the CAD-bullish perspective but spot may simply be consolidating recent losses and the salient feature of the charts remains the huge, weekly bear signal that developed around last week’s turn lower. The broader outlook remains USD-negative. Support is 1.3675. Resistance remains 1.3725/50.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik