USD/CAD points to a test of 1.33/1.35 – Scotiabank

According to Eric Theoret, FX Strategist at Scotiabank, the pair’s outlook remains bullish and could test the 1.33/1.35 area.

Key Quotes

“Short-term MA’s remain bullishly aligned, despite a moderation in momentum and softening in the DMI’s”.

“The four session range is roughly bound between 1.3080 and 1.3180, and we maintain expectations for a bullish breakout with risk toward 1.33 and 1.35”.