USD/CAD: Losses to extend back to the 1.37 area on a break below 1.3775/1.3785

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

USD/CAD is trading in the low 1.38s. Economists at Scotiabank analyze the pair’s outlook.

Short-term price patterns suggest a minor top Short-term price patterns suggest a minor top, at least, developed around Wednesday’s peak just ahead of the 1.39 level.

Weaker price movement is pressuring minor support at 1.3820, ahead of a more important support zone at 1.3775/1.3785. Weakness below here should see USD losses extend back to the 1.37 area.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in COİN

Coin Coin Latest News, Coin Coin Headlines