{"id":176550,"date":"2023-10-18T17:19:29","date_gmt":"2023-10-18T11:49:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176550"},"modified":"2023-10-18T17:19:29","modified_gmt":"2023-10-18T11:49:29","slug":"push-under-1-3605-to-trigger-a-move-to-the-low-1-35-area-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/push-under-1-3605-to-trigger-a-move-to-the-low-1-35-area-scotiabank-crypto-news\/","title":{"rendered":"Push under 1.3605 to trigger a move to the low 1.35 area \u2013 Scotiabank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdcad\">USD\/CAD<\/a> little changed in low 1.36s. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes the pair\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">More range trading in the near term<\/h2>\n<blockquote>\n<p>Short-term patterns suggest a firm block on USD\/CAD around 1.3690\/1.3700 and support sitting just above 1.36, the low from earlier this week.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Trend momentum signals are flat, supporting the outlook for more range trading in the near term. The USD still appears a bit more vulnerable to a downside move to me, however.<\/p>\n<\/blockquote>\n<blockquote>\n<p>The intraday charts are setting up a possible double top pattern (1.37) which a push under 1.3605 will trigger for a move to the low 1.35 area. Major support (trend and 200-DMA) is still well below here at 1.3465, however.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CAD little changed in low 1.36s. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes the pair\u2019s outlook. More range trading in the near term Short-term patterns suggest a firm block on USD\/CAD around 1.3690\/1.3700 and support sitting just above 1.36, the low from earlier this week. Trend momentum signals are flat, supporting the outlook [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,498,256,254],"class_list":["post-176550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176550"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176550\/revisions"}],"predecessor-version":[{"id":176551,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176550\/revisions\/176551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5162"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}