USD/CAD: Short-term bull trend remains intact – Scotiabank
|USD/CAD continues to struggle to surpass the 1.3600 level. Economists at Scotiabank analyze the pair’s outlook.
Key support remains at 1.3540
The USD/CAD pair continues to run into firm resistance around the 1.3600 area but losses intraday so far are limited and the short-term USD bull trend remains intact.
Trend momentum oscillators are bullishly aligned for the USD on the intraday and daily DMI studies.
Key support remains at 1.3540, with a push below this point targeting a drop to the 1.3475/1.3480 area.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.