USDCAD: 1.3025 is reachable in the next few weeks – Scotiabank

The USDCAD pair dropped to a little under 1.3250 in thin trading on Friday. Economists at Scotiabank see scope for further losses to the 1.3025 mark in the next few weeks. 

Minor USD gains look a sell from a technical perspective

“We spot resistance at 1.3325/50 and firmer USDCAD support at 1.3190/00.”

“We still think the measure move objective of the Head and Shoulders breakdown at 1.3025 is reachable in the next few weeks.”

“Minor USD gains look a sell from a technical perspective.”