USD/CAD: Losses through 1.3410/20 should see the drift lower resume – Scotiabank USDCAD Banks
USD/CAD’s price action remains in consolidation mode, with potentially USD-negative implications, economists at Scotiabank report.“A small, bear flag/triangle pattern may be developing – effectively a continuation pattern after the USD’s sharp fall last week.”“Pressure on the low end of the range is developing and losses through 1.3410/20 should see the USD drift lower resume.”
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