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CAD needs to push below 1.35 against the USD to improve, economists at Scotiabank report.
Monday’s snap higher off the intraday low for the USD retested the break under trend support that the market had established earlier in the session. Trend support-turned-resistance effectively held but easy gains for the USD remain a feature of this market and gives the clear impression that higher is the path of least resistance for USD/CAD.
But there are signs from daily price action (after the USD still closed net lower on the day Monday) that the recent rally in the USD is running out of momentum.
The 1.3575 zone is resistance and a potential double top; a break under 1.3500 triggers that signal and implies downside potential to 1.3425.
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。
