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USD/CAD pivots around 1.33 after failing to hold break under the figure. Economists at Scotiabank analyze the pair’s technical outlook.
The snap higher in the USD back through the 1.3320/30 area from yesterday’s intraday low will undermine the USD/CAD bear trend. The technical jury is still out on that, however, with the USD rebound faltering in the mid-1.33 zone and running into steady selling pressure on minor gains.
Bearish trend momentum remains quite intense, preventing a stronger USD recovery at this point and keeping directional risks tilted to the downside.
The USD needs to regain (and hold) 1.3395/00 to stabilize.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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