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22 Feb 2016
USD/CAD neutral/bullish near-term – Scotiabank
Eric Theoret, Currency Strategist at Scotiabank, noted the neutral-to-bullish stance in the pair for the short-term.
Key Quotes
“Movement in USDCAD has been relatively limited, with noted support at 1.3650 and considerable near-term resistance in the 1.3800-1.3850 range”.
“Bearish trend and momentum signals continue to moderate and we look to gains above 1.3900”.
Key Quotes
“Movement in USDCAD has been relatively limited, with noted support at 1.3650 and considerable near-term resistance in the 1.3800-1.3850 range”.
“Bearish trend and momentum signals continue to moderate and we look to gains above 1.3900”.