He Dollar Canadian (CAD) remains consolidated, but has advanced a little during the night, reflecting the generally weaker tone of the US dollar (USD), the FX Chief Strategies of Scotiabank, Shaun Osborne and Eric Theoret report.
Technical signals remain neutral
“President Trump’s copper tariffs could affect significant Canadian exports to the US, unless some kind of exception is agreed in the current commercial discussions. The short -term approach for the CAD will be in the update of the tomorrow labor market, but beyond the June data, the reports suggest that significant cuts in the government Employment losses next year and beyond. “
“The equilibrium estimate of the body against USD remains virtually unchanged in 1,3589 this morning, which suggests a slight overvaluation of the USD. Analysis Short -term technicians of the USDCAD: neutral – The brief profits of the USD above point 1.37 yesterday stagnated, according to the intradic graphics, but short -term technical patterns do not reflect much dynamism and short -term signals remain mixed. “
“USD earnings can be extended a little more in the short term to test the resistance of 1,3750/60. The support is 1.3630/40.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
