USD/CAD: Technical risks tilted slightly to the downside – Scotiabank USDCAD Banks
holds range. Economists at Scotiabank note that the technical picture shows that the risks are tilted slightly to the downside.“USD/CAD has settled into a flat range trade over the past couple of weeks but the narrowing parameters of the range are producing a triangular type pattern on the intraday chart that augurs for a break out and – perhaps – a period of more dynamic movement shortly.” “Broader patterns – the early March peak/reversal above 1.
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