OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CAD comfortable around 1.1000 – Scotiabank

FXStreet (Edinburgh) - In the view of Camilla Sutton, Chief FX Strategist at Scotiabank, the pair remains comfortable in the 1.10 neighbourhood so far and with mixed technical studies.

Key Quotes

USDCAD has proven comfortable trading either side of 1.10 but has so far been unable to sustain shifts above 1.10. Currently, it is the context of broad USD strength that is supporting USDCAD”.

“Support lies at the 200-day MA at 1.0900; while resistance comes in at 1.1002 followed by 1.1026 (the April 26th high)”.

Mexico Core Inflation climbed from previous 0.19% to 0.21% in August

Read more Previous

AUD/USD rejects 0.9290 and breaks below 0.9250

The Aussie's recovery from 0.9250 got a rejection at 0.9290 where the pair found selling interest and it was launched down to break previous lows and trade at fresh September minimums around 0.9220.
Read more Next
Start livechat