The Canadian dollar (CAD) is little changed during the day while Spot continues to consolidate. The developments of the day overnight had no real impact on the feeling of CAD, but, on the sidelines, hope (as futile it seems at the moment) that trade tensions will facilitate, the drop in volatility and more firm actions are moderate positive points for the CAD, the notes of the FX strategist of the Cad de Scotiabank, Shaun Osborne.
The flat trading fork remains intact
“Developments should at least maintain the tendency to approve the CAD in the factors behind the CAD which has recently emerged. In addition, an estimate of the fair value of the point is 1.3855 today – roughly in the middle of what we think is the spot of spot trading (1.37 / 1.40) in the short term.”
“The flat trading range in place in the last sessions remains intact and` Dank '' because the wider trend of the place remains lower, supported by a lower alignment of trend oscillators, which suggests a limited potential for the USD to strengthen and the pressure continues on the point of pushing lower in the days / weeks to come. ”
“The short -term support / resistance is 1.3780 / 90 and the resistance is 1.3865 / 75. The major support (re -leam) is 1.3745. The resistance is 1.3975 / 1,40025.”
