USD/CAD: The 1.32 area is set to continue capping the topside – Scotiabank USDCAD Banks
Loonie remains hitched to the risk on/off tone
“USD/CAD has established a well-defined trading range between support at 1.3150 and resistance at 1.3195/00 over the past couple of sessions. The CAD remains hitched to the risk on/off tone and the broader moves in the USD for now but we continue to expect USD supply to emerge at or near the recent range extremes, keeping spot broadly range bound.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD edges higher amid modest USD strength and softer oil prices, remains below 1.3200USD/CAD edges higher amid modest USD strength and softer oil prices, remains below 1.3200 – by hareshmenghani USDCAD Recession Fed Inflation Currencies
Read more »
USD/CAD retreats from two-month high, once again fails to find acceptance above 1.3200USD/CAD retreats from two-month high, once again fails to find acceptance above 1.3200 – by hareshmenghani USDCAD Recession Fed Majors Currencies
Read more »
USD/CAD seesaws below 1.3200 as US inflation-led blow jostles with sluggish oilUSD/CAD remains mildly bid around 1.3175, after rising the most in 13 months, as softer oil prices join sluggish market sentiment during early Wednesd
Read more »
USD/CAD Price Analysis: Surges on higher US inflation report, traders eye 1.3200USD/CAD Price Analysis: Surges on higher US inflation report, traders eye 1.3200 – by christianborjon USDCAD Majors Currencies Technical Analysis
Read more »
USD/CAD Price Analysis: Extends pullback from two-month-old hurdle below 1.3200USD/CAD Price Analysis: Extends pullback from two-month-old hurdle below 1.3200 – by anilpanchal7 USDCAD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »