{"id":178512,"date":"2023-10-21T12:30:51","date_gmt":"2023-10-21T07:00:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178512"},"modified":"2023-10-21T12:30:51","modified_gmt":"2023-10-21T07:00:51","slug":"the-cad-really-needs-to-pick-up-a-bit-more-ground-to-have-a-chance-of-improving-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/the-cad-really-needs-to-pick-up-a-bit-more-ground-to-have-a-chance-of-improving-scotiabank-crypto-news\/","title":{"rendered":"The CAD really needs to pick up a bit more ground to have a chance of improving \u2013 Scotiabank – Crypto News"},"content":{"rendered":"

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CAD nudges higher. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Loonie\u2019s outlook<\/a>.<\/p>\n

Intraday patterns lean mildly USD-negative<\/h2>\n
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In general terms, the CAD still looks relatively \u2018cheap\u2019 to me at the lower end of its recent trading range against the USD but the risk backdrop is likely to keep it trading defensively in the short run at least.<\/p>\n<\/blockquote>\n

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The USD\u2019s drop back from the intraday high Thursday to end the session unchanged formed a bearish \u2018doji\u2019 candle on the daily chart but USD losses have been mild and the CAD really needs to pick up a bit more ground today to have a chance of improving.<\/p>\n<\/blockquote>\n

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Intraday patterns lean mildly USD-negative but the USD remains above short-term support (1.3635) which could unlock a little more CAD strength.<\/p>\n<\/blockquote>\n

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Resistance is 1.3725\/1.3735.<\/p>\n<\/blockquote>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: CAD nudges higher. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Loonie\u2019s outlook. Intraday patterns lean mildly USD-negative In general terms, the CAD still looks relatively \u2018cheap\u2019 to me at the lower end of its recent trading range against the USD but the risk backdrop is likely to keep it trading defensively in the […]<\/p>\n","protected":false},"author":2,"featured_media":6019,"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-178512","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\/178512","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=178512"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178512\/revisions"}],"predecessor-version":[{"id":178513,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178512\/revisions\/178513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6019"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}