Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Forex

USD/CAD to retest 1.3440/1.3450 on a move below support at 1.3540/1.3550 – Scotiabank

Source Fxstreet

USD/CAD is little changed on the session so far. Economists at Scotiabank analyze the pair’s outlook.

Risks tilted mildly to the downside

A lower close to the USD on Friday tilts risks mildly to the downside for funds from a technical point of view.

At the very least, spot is looking at pretty solid resistance at 1.3600/1.3605 after clear rejections of the figure area last week.

The USD’s mild drop Friday also formed the third leg of a bearish ‘evening star’ pattern on the daily candle chart which should see spot put a bit more pressure on moderate support at 1.3540/1.3550 in the short run and, below there, point to a test of 1.3440/1.3450.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

JPMorgan claims native crypto investors spearheaded last week's heavy liquidation JPMorgan analysts claim that crypto-native investors largely drove the crypto market dip last week, while institutional products felt a minor impact.

Author FXStreet

Oct 17, 2025

JPMorgan analysts claim that crypto-native investors largely drove the crypto market dip last week, while institutional products felt a minor impact.

Gold Price Forecast: XAU/USD jumps above $4,350 on US-Venezuela tensions Gold price (XAU/USD) climbs to around $4,370 during the early Asian trading hours on Monday. The precious metal extends its upside amid a renewed surge in geopolitical risk after the United States' (US) capture of Venezuelan President Nicolas Maduro.

Author FXStreet

Jan 05, Mon

Gold price (XAU/USD) climbs to around $4,370 during the early Asian trading hours on Monday. The precious metal extends its upside amid a renewed surge in geopolitical risk after the United States' (US) capture of Venezuelan President Nicolas Maduro.

Gold recovers above $4,100 as traders assess US-Iran conflict Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.

Author FXStreet

Jul 10, Fri

Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.

WTI surges above $74.00 as US-Iran strikes reignite Hormuz risks West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.

Author FXStreet

Yesterday 01: 15

West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.

Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USD Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.

Author FXStreet

20 hours ago

Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.

Related Instrument