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USD/CAD has steadied below 1.3500. Economists at Scotiabank analyze the pair’s outlook.
The domestic data run is relatively light this week – just Manufacturing Sales, Housing Starts and Wholesale Sales, which are all out later in the week. This likely means the CAD will trade more off of external developments – the USD, asset markets – and technical factors in the next day or so.
Spot’s losses last week stalled in the low 1.3400s and price action leaves the door open for a little more corrective USD strength in the short run, potentially.
USD gains are consolidating just under 1.3500 in what could be a bull flag pattern (more gains above 1.3495/1.3500 intraday towards firmer resistance at 1.3540/1.3550.
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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