CAD needs to push below 1.35 against the USD to improve, economists at Scotiabank report. Recent rally is running out of momentum Monday’s snap higher
Recent rally is running out of momentum
But there are signs from daily price action that the recent rally in the USD is running out of momentum. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD consolidates above the 1.3500 area, Canadian Retail Sales, Jackson Hole eyedThe USD/CAD pair trades sideways above the 1.3500 mark after reaching the highest level since May during the early Asian session on Monday. The pair c
Read more »
USD/CAD Price Analysis: Setup favours bulls and supports prospects for further gainsThe USD/CAD pair lacks any firm intraday directional bias on Monday and oscillates in a narrow trading band below mid-1.3400s through the Asian sessio
Read more »
USD/CAD trades sideways near 1.3530, awaits US Homes Sales and Jackson HoleUSD/CAD consolidates around 1.3530, treading water to extend an upward trend for the fifth consecutive week. The US Dollar (USD) gets support due to i
Read more »
USD/CAD delivers a consolidation breakdown amid subdued US DollarThe USD/CAD pair delivers a breakdown of the consolidation formed in a narrow range of 1.3533-1.3560 in the European session. The Loonie asset finds s
Read more »
USD/CAD may be prone to more corrective lossesThe CAD is one of the better-performing currencies in the session so far against the softer USD. Economists at Scotiabank analyze USD/CAD outlook. USD
Read more »
USD/CAD struggles to gain near the 1.3540 mark, eyes on Canadian Retail Sales, US PMIThe USD/CAD pair faces some follow-through selling in the early Asian session on Tuesday. The major pair currently trades near 1.3542, losing 0.01% on
Read more »