USD/CAD:Little or no respite for the Loonie – Scotiabank USDCAD Banks
The Canadian Dollar is poised to retain a soft undertone, in the opinion of economists at Scotiabank.“Seasonal pressures which are typically adverse for the Canadian Dollar through Q1.”“Trend signals are aligning bullishly across short, medium and long-term DMI oscillators.”
“The USD/CAD pair is poised to remain firm in the upper 1.34s between a potential range base of 1.3320 and a ceiling of 1.3630.”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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