USD/CAD in the short term bearish – Scotiabank

FXStreet – in the Short term, remains the perspective for the currency pair USD/CAD bearish, explained by the FX strategists of the Scotiabank.

Important Quotes:

To blame for the negative perspective, the large bearish outside range session less than a week ago, and the USD hit, the direction to the South.

The short-term base at 1,3650 has today, under the steps, why now, room for further rate losses. The next supports, we expect at 1.36, but we feel a continuation of the correction up to 1.35. Short-term Resistances now lie at 1,3645 and 1,3655.

** FXStreet News Editorial, FXStreet**

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