USD/CAD to advance nicely towards next resistance at 1.3220 – Scotiabank

The USD/CAD’s grind higher extended to near 1.32. Economists at Scotiabank expect the pair to continue its advance.

Key support is 1.3075

“There is no letup in the USD’s broader drive higher on the short run charts and broader (daily, weekly) trend strength signals are aligned with intraday oscillators which tilt risks clearly towards more USD gains and limited losses in the short run at least.”

Support is 1.3140/50 intraday. Key support is 1.3075.”

“Resistance is 1.3220 and 1.3330.”