The Canadian Dollar Can’t Hold Sub-1.36 Gains Against the USD-Scotia Bank Economists

The Canadian Dollar can’t hold sub-1.36 gains against the USD. Economists at Scotiabank look for more range-trading in the short-term at least.

“A weak (technically bearish) close for the USD yesterday should – on the face of it – lend more weight to pressuring support around 1.36 but intraday price action suggests a firm floor and, possibly, a bullish reversal developing around the overnight failure to extend much below the figure area once again.”

“Support is 1.3590/00.”

“Resistance is 1.3665/75.”

This Post Has One Comment

ecommerce March 21, 2024 Reply

Wow, superb weblog format! How lengthy have you been blogging for?

you make blogging look easy. The whole glance of your web site
is magnificent, let alone the content material!
You can see similar here dobry sklep

Trading News

USD Begins Week on Strong Bullish Trend Ahead of PMI Data

Ripple Predicts US Banks Flocking To XRP After SEC Battle

EUR/USD Reaches New High, Extending Bullish Trend

XAG/USD Continues to Trade With Modest Gains Below $23.00

Latest On The Blog

TSF vs FTMO: Which Prop Firm Should You Choose?

Factors to Consider Before Scalping Trading

How to Recover From Revenge Trading?

How to Trade Forex on News

Fund Your Deriv Account

Get VIP Trading Signals

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Information

About US
FAQ
Privacy Policy
Terms of Use

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.