The Canadian Dollar (CAD) is trading flat from Tuesday’s close and extending its recent consolidation around a cluster of key technical levels, a relative performer against all of the G10 currencies in an environment of broad-based US Dollar (USD) strength, Scotiabank's Chief FX Strategists Shaun Os
Euro (EUR) could dip below 1.1645; given the oversold conditions, any further decline may not reach 1.1610.
AUD/NZD has extended its rally beyond the September highs, signaling renewed bullish momentum. The pair is approaching the 1.1490/1.1520 zone near the 2022 peak, where upside momentum may begin to fade.