USD/CAD in the short term neutral to bullish — Scotiabank

FXStreet — in the Short term, remains the perspective for the currency pair unchanged at neutral to bullish.

Important Quotes:

The US Dollar compared to the canadian Dollar back over from the December to March high sloping trend line has increased and climbed above the 50-day line in 1,3501.

In the past week has been consummated, therefore, there is a clear change in trend and the Low of 25. May is moved through a sequence of higher lows and higher highs in the distance.

The momentum signals are changed from bearish to neutral, while the DMI’s moved in together. The next important resistance area is between 1,3520 and 1.3600 for. The key support is located at 1.3450.

** FXStreet News Editorial, FXStreet**

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