USD/CAD: Door open for renewed weakness ahead – Scotiabank

USD/CAD: Door open for renewed weakness ahead – Scotiabank USDCAD Technical Analysis Banks

Spot gains in very quiet trade yesterday suggest a consolidation in the USD’s recent softness but leave the door open for renewed weakness ahead.

Short-term price gains might extend to the mid/upper 1.32s but weakness below 1.3195 intraday will point to renewed USD weakness. Feed news 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.

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