Scotia Bank analysts suggest 1.3075 is the key level to watch in USD/CAD.
They say the while the US dollar is holding in a short-term range it does look "overbought.”
Says
- "key support is 1.3075"
which is the low from earlier in September.
See "downside potential to 1.2940 on a break".
-
To the topside, they nominate 1.3210 double top
-
I'm sure ForexLive traders can add to this with some better technical analysis - in the comments please folks!
