USD/CAD: Gains can extend to retest the March high at 1.3862 – Scotiabank
USD/CAD gains are extending to retest the early October high around 1.3786. Economists at Scotiabank analyze the pair’s outlook.
Short and medium-term trend signals are bullish
Short and medium-term trend signals are bullish, suggesting the pair can extend its gains; a break above the early month high of 1.3786 will pave the way for funds to push on to retest the March high at 1.3862.
Support is seen at 1.3720/1.3730.
See: USD/CAD to extend its uptrend once a break above 1.3780 materializes – SocGen
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