USD/CAD bullish near-term – Scotiabank

FXStreet (Edinburgh) - Currency Strategist at Scotiabank Eric Theoret noted the bullish tone of the pair in the near term.

Key Quotes

“USDCAD has made a decisive break of its prior multi-week range and is now flirting with 1.4100 at fresh-multi year highs”.

“We note that there are few significant resistance levels ahead of 1.4500 (middle chart). Support is expected around 1.3950”.