USD/CAD moves sharply back to the 1.36 area. Economists at Scotiabank analyze the pair’s outlook.
Support aligns at 1.3520/1.3525
Solid USD gains on Friday put a bullish spin on the short and medium-term charts and drew a line under the developing downside pressures that had looked to be developing around funds through last week.
Gains extending through the upper 1.35s today suggest a return to the early September high near 1.37 is a realistic risk in the short run.
Support is seen at 1.3520/1.3525.
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