{"id":240650,"date":"2024-02-03T10:13:15","date_gmt":"2024-02-03T04:43:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=240650"},"modified":"2024-02-03T10:13:15","modified_gmt":"2024-02-03T04:43:15","slug":"usd-cad-heading-for-a-technically-weak-close-on-the-week-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-cad-heading-for-a-technically-weak-close-on-the-week-scotiabank-crypto-news\/","title":{"rendered":"USD\/CAD heading for a technically weak close on the week \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\" data-fxs-autoanchor=\"\">USD\/CAD<\/a> remains below 1.3400. Economists at Scotiabank analyze the pair\u2019s outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">A push back to 1.3290\/1.3300 should follow in the next 1-2 weeks<\/h2>\n<blockquote>\n<p>Despite choppy price action since Wednesday, USD\/CAD is still heading for a technically weak close on the week \u2013 below the 40-DMA (1.3398) retracement support (1.3403) and the noted 1.3540 double top trigger at 1.3415. The weekly candle chart also shows a likely bearish \u2018engulfing\u2019 line forming.<\/p>\n<\/blockquote>\n<blockquote>\n<p>A push back to the 1.3290\/1.3300 (double top measured move target) should follow in the next 1-2 weeks (or sooner).\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Intraday support is 1.3350\/1.3360. Resistance is 1.3390\/1.3400.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CAD remains below 1.3400. Economists at Scotiabank analyze the pair\u2019s outlook. A push back to 1.3290\/1.3300 should follow in the next 1-2 weeks Despite choppy price action since Wednesday, USD\/CAD is still heading for a technically weak close on the week \u2013 below the 40-DMA (1.3398) retracement support (1.3403) and the noted 1.3540 double [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,308,498,256,254],"class_list":["post-240650","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-technical-analysis","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240650","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=240650"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240650\/revisions"}],"predecessor-version":[{"id":240651,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240650\/revisions\/240651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4662"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=240650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=240650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=240650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}