The USD/CAD’s grind higher extended to nearly 1.32. Economists at Scotiabank expect the pair to continue its advance.
The key support is said to be 1.3075. “There is no letup in the USD’s broader drive higher on the short run charts and broader (daily, weekly) trend strength signals are aligned with intraday oscillators which tilt risks clearly towards more USD gains and limited losses in the short run at least.”
”Support is 1.3140/50 intraday. Key support is 1.3075. Resistance is 1.3220 and 1.3330.” it added.
Meanwhile, the EUR/USD pair has extended its daily slide and dropped below 0.9950 during the American session.
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