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USD/CAD neutral near-term – Scotiabank

FXStreet (Edinburgh) - Eric Theoret, Currency Strategist at Scotiabank, suggested USD/CAD's outlook remains neutral in the near term.

Key Quotes

“Momentum signals are conflicted and close to neutral, with short-term MA’s providing for resistance with a focus on the 21 day MA at 1.3239”.

“Recent candles have provided for bullish signals, with both Thursday and Friday attempting bullish hammers, the latter (Friday) also completing a bullish outside reversal”.

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