USD/CAD shows some reluctance to push higher – Scotiabank
Source Fxstreet
USD/CAD edges marginally higher in rather quiet, month-end trade so far. Economists at Scotiabank analyze the pair’s outlook.
USD retains a clear advantage over the CAD
Passive hedge rebalancing flows may be mildly CAD-supportive if anything, but the sharp widening in US/Canada spreads over the second half of the month remains a drag on the CAD’s broader outlook.
The USD retains a clear advantage over the CAD from a broader perspective, with Wednesday’s gains extending the new year run higher in spot marginally.
A small, inside range (within Wednesday’s range) today does suggest some reluctance to push higher still, however, and a lack of momentum behind the move.
Resistance is 1.3610/1.3620. Support is 1.3540/1.3550.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Ethereum Is Already 20% Prepared for the Quantum Era, Says InterviewEthereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.
Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP deepen sell-off as bears take control of momentumBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
Poland, Kazakhstan, Brazil increase Gold holdings despite high pricesGold investment demand hit 2,175 tonnes in 2025, wiping the floor with the 863 tonnes bought by central banks. That’s not a small gap. That’s central banks getting outpaced by retail and institutional investors nearly 3 to 1. And it wasn’t because they didn’t want gold, it’s because prices kept spiking all year. Every time […]
Gold investment demand hit 2,175 tonnes in 2025, wiping the floor with the 863 tonnes bought by central banks. That’s not a small gap. That’s central banks getting outpaced by retail and institutional investors nearly 3 to 1. And it wasn’t because they didn’t want gold, it’s because prices kept spiking all year. Every time […]
Related Instrument
