USD/CAD: Some back and filling of recent losses would not be a surprise in the short run – Scotiabank

USD/CAD: Some back and filling of recent losses would not be a surprise in the short run – Scotiabank USDCAD Technical Analysis Banks

The USD is looking a little oversold from a technical perspective so some back and filling of recent losses would not surprise in the short run.

The broader technical picture points to a USD decline towards the upper 1.29s after losing major support in the low 1.33s.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.

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