USD/CAD: slightly bullish short-term - Scotiabank

Analysts at Scotiabank explained that USD/CAD short-term technicals: neutral-bullish.

Key Quotes:

"Momentum signals are neutral.

The broader technical picture is bullish as we consider the rising trend channel from early June and the ascending trend line off the May-June lows. We look to near-term support around 1.2850 and maintain a bias to medium-term gains toward 1.33 and 1.35."