USD/CAD rises again to the lows of 1.36. The economists of Scotiabank They analyze the pair’s prospects.
Intraday support at 1.3570/1.3575
Canada’s GDP will be released today. September industrial production is expected to remain stable. Third quarter GDP is expected to rise a weak 0.1% (SAAR) after falling 0.2% in the second quarter. Weak data will not help CAD.
Short-term chart patterns are becoming a little more favorable to the USD. However, USD gains have yet to extend significantly above the levels (resistance at 1.3610/1.3615 zone), which would imply a potential for the USD bounce to extend to 1.3650/1.3560, where it should be expected. stronger resistance.
Intraday support at 1.3570/1.3575 and 1.3540/1.3550.
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.
