The CAD has underperformed last week, losing ground on the generally softer USD. Economists at Scotiabank believe that the USD/CAD pair could enjoy further gains this week.
CAD’s struggles continue
“On the charts, the USD still looks somewhat overextended but overbought conditions have eased.”
“The CAD’s inability to take advantage of the soft USD last week, easily relinquishing gains below 1.3650, leave the charts looking more USD-bullish.”
“USD gains can extend through the 1.38 area to retest 1.3850/60 this week where trend resistance off the 2020 peak in funds sits. USD gains beyond that point remain questionable but are not entirely to be excluded, with little sign of the USD push higher relenting and the CAD looking friendless.”
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发