USD/CAD may retest the low 1.3600s – Scotiabank
USD/CAD’s solid rebound from the mid-1.3400 area is extending. Economists at Scotiabank analyze the pair’s outlook.
There is little reason to expect gains to stop here
There is little reason to expect gains to stop here.
Trend momentum readings are edging bullish on the intraday and daily DMI oscillators and there is no obvious resistance above the market until the low 1.3600 area.
Support is at 1.3550 and 1.3515.
See: USD/CAD could head higher towards 1.3730 once a break above 1.3620 materializes – SocGen
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