USD/CAD neutral near-term – Scotiabank
FXStreet (Edinburgh) – Eric Theoret, Currency Strategist at Scotiabank, suggested USD/CAD‘s outlook remains neutral in the near term.
Key Quotes
“Momentum signals are conflicted and close to neutral, with short-term MA’s providing for resistance with a focus on the 21 day MA at 1.3239”.
“Recent candles have provided for bullish signals, with both Thursday and Friday attempting bullish hammers, the latter (Friday) also completing a bullish outside reversal”.
Eric Theoret, Currency Strategist at Scotiabank, suggested the pair’s outlook remains neutral in the near term…
(Market News Provided by FXstreet)