USD/CAD set to drop towards the 1.2650 zone – Scotiabank USDCAD Banks
The USD/CAD is marginally lower on the session. According to economists at Scotiabank, a push under 1.2720 targets mid-1.26s.“The USD closed well off the intraday peak yesterday and the low close plus spot’s move under 1.2720 support has triggered a minor Head & Shoulders top on the intraday“We look for resistance intraday at 1.2720/30.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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