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USD/CAD pivots around 1.33 after failing to hold break under the figure. Economists at Scotiabank analyze the pair’s technical outlook.
The snap higher in the USD back through the 1.3320/30 area from yesterday’s intraday low will undermine the USD/CAD bear trend. The technical jury is still out on that, however, with the USD rebound faltering in the mid-1.33 zone and running into steady selling pressure on minor gains.
Bearish trend momentum remains quite intense, preventing a stronger USD recovery at this point and keeping directional risks tilted to the downside.
The USD needs to regain (and hold) 1.3395/00 to stabilize.
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。
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