USD/CAD bullish/neutral near term – Scotiabank

FX Strategist at Scotiabank Eric Theoret noted the pair’s stance remains bullish-to-neutral in the short term.

Key Quotes

“The post-election decline in USDCAD is expected to be short-lived, with signs of near-term support emerging below 1.3420".

"Trend and momentum indicators remain broadly bullish, and medium term MA’s are bullishly aligned. We look to gains back toward 1.3480 and Friday’s high above 1.35 with risk to the March high in the mid-1.35s”.