USD/CAD:bearish bias with target of 1.2600 - Scotiabank

Analysts at Scotiabank regarded that USD/CAD short-term technicals are bearish.

Key Quotes:

"USD/CAD appears to be consolidating at the lower end of its descending trend channel with recent congestion centered around 1.2680."

"Momentum indicators are bearish and trend signals are providing confirmation. We look to near term support around 1.2620 and the recent low around 1.2600. Resistance is expected above 1.2750."

Apr 26, 2016

A data packed week ahead in the U.S. - UOB

Analysts at UOB Group suspect that this could be an action-filled week for the US with the Fed in action and GDP data on tap whilst the US corporate earnings reports season continues in full swing with particular interest on the US oil majors reporting at the end of the week.

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Apr 26, 2016

Markets awaiting Central Banks - FXStreet

Valeria Bednarik who is chief analyst at FXStreet summed up the U.S. shift and explained that there was little action across the forex board this Monday, yet the dollar edged mostly lower against its major rivals, weighed by a modest decline in worldwide stocks.

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