USD/CAD: Sustained break below 1.3330 to mark a significant technical event – Scotiabank USDCAD Technical Analysis Banks
USD/CAD retains a soft undertone on the charts despite failing to crack key support at 1.3330 in yesterday’s run lower. This support has been rock solid so a sustained push lower will be a significant technical event.
A break under 1.3330 targets a test of 1.3230 fairly quickly but broader implications would suggest the risk of a drop towards 1.27/1.28 in the next couple of months.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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