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10 Feb 2016
USD/CAD turns to neutral outlook – Scotiabank
Eric Theoret, Currency Strategist at Scotiabank, argued the pair’s outlook has now shifted to neutral.
Key Quotes
“We await a clear break of USDCAD’s three-session range roughly bound between 1.3780 and 1.3980”.
“Bearish signals continue to moderate, however we note the clear resistance provided by the 200 hour MA just above 1.3900”.
Key Quotes
“We await a clear break of USDCAD’s three-session range roughly bound between 1.3780 and 1.3980”.
“Bearish signals continue to moderate, however we note the clear resistance provided by the 200 hour MA just above 1.3900”.