USD/CAD: A solid rejection of important technical resistance warrants attention – Scotiabank USDCAD Technical Analysis BOC Banks
Spot is grinding a little higher on the day but CAD losses are likely to remain limited ahead of Wednesday’s BoC policy decision.
Friday’s session formed a bearish outside range/reversal day, with the peak in the USD developing around important resistance . A solid rejection of important technical resistance warrants attention. Intraday resistance is 1.3325. Key USD support is 1.3275.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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