USD/CAD to reverse back higher towards the low 1.27s – Scotiabank

USD/CAD has probed the 1.26 level before rebounding. Economists at Scotiabank do not expect the pair to suffer another leg lower and note that a break above the 1.2655/60 area would open the door towards the 1.27 level.

200-day moving average aligns at 1.2570

“Intraday price action suggests the low for spot is in for the session at least.”

“Gains back above 1.2655/60 resistance will likely prompt additional gains to the low 1.27s.”

“Support is 1.2590/00. The 200-day MA is 1.2570.”

Mar 3, 2022

AUD/USD: Sustained break above 0.7315/30 to negate medium-term downtrend – Credit Suisse

AUD/USD is testing the YTD high and the 200-day moving average (DMA) at 0.7315/30. A break above here would end Credit Suisse’s medium-term negative v

GBP/USD to sustain a quick decline toward 1.32 once the 1.3270/75 zone breaks – Scotiabank

The GBP’s loss of the 1.34 handle is weighing on the cable toward a test of the mid-figure area. Economists at Scotiabank note that the pair could suf