Join our telegram community
Telegram Facebook Twitter

Forex news

Range Markets
June 28, 2022
0 comments
82 Views

USD/CAD: PRICE PATTERNS POINT TO LOSSES EXTENDING TO THE 1.2730/35 ZONE – SCOTIABANK

The USD/CAD finally cracked retracement support at 1.2865 to edge back to the low 1.28s. Economists at Scotiabank expect the pair to extend its decline towards the 1.2730 mark.

USD/CAD CAN PUSH ON TO THE LOW/MID 1.27S

“Short-term trends suggest building bearish momentum behind the USD’s decline and price patterns point to USD losses extending to the 1.2730/35 zone after spot rejected the 1.3075 area again earlier this month.”

“We spot interim support at 1.2795/00 ahead of 1.2730 (61.8% retracement of the June rally in the USD).”

“Look to fade minor USD gains to the upper 1.28s.”

Leave a Reply

Your email address will not be published. Required fields are marked *

About Us

Range Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as a Business Company with registration number 22768 BC 2015.

Facebook Linkedin

Policy

Trading Tools

Quick Link

rangeforex.com is owned & operated by Range Markets Ltd incorporated in St. Vincent & the Grenadines as an IBC with the registration number 22768 BC 2015. The objects of the Company are all subject matters not forbidden by Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.

 

Range Markets Group of company operates and provides contents for this website, which include:

  • Range Markets (SV) Ltd, Company reg 22768 BC 2015 with registered address Euro House, Richmond Hill Road, Kingstown, St. Vincent, and The Grenadines.
  • Range Markets SA (PTY) Ltd, Company offers derivative instruments and long and short-term deposits to users in South Africa in its capacity as a Juristic Representative of TD Markets (Pty) Limited (Authorised FSP 49128), an authorised financial services provider in South Africa.

 

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Copyright ©2024 Range Markets (SV) Ltd All rights reserved