USD/CAD may retest the low 1.3600s – Scotiabank

FXStreet Insights Team FXStreet

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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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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