The post Overshoot risk near 1.38 zone – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret note the CanadianThe post Overshoot risk near 1.38 zone – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian

Overshoot risk near 1.38 zone – Scotiabank

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is drifting lower as positive US Dollar momentum pulls USD/CAD away from their fair value estimate. They highlight a significant valuation gap driven by weaker terms of trade and lower Oil prices, but still see levels above 1.37 as attractive for USD sellers, with key resistance clustered just above 1.38.

CAD pressured as valuation gap widens

“The CAD continues to drift lower. Fresh news and developments are scant but momentum favours the USD, tugging the CAD away from our fair value estimate. That equilibrium estimate has shifted a little higher this morning (lower oil prices, weaker terms of trade) but the valuation gap remains significant (well above one standard deviation) which would ordinarily drive a high conviction call for a mean reversion move in spot.”

“We are unlikely to get much of a reprieve for the CAD for the moment but we still rather think that 1.37+ levels in spot still offer value for USD sellers.”

“Neutral/bullish—We noted earlier this week that the USD’s push above the mid-1.37 area would raise the risk of an “overshoot” towards the 1.3800/10 zone. It is not clear whether the low 1.38 zone can cap the USD advance but there is a collection of longer run MA resistance points just above the figure that may slow the USD’s gains. The 200-day MA sits at 1.3804 and the 50-week MA sits at 1.3803.”

“Resistance above the low 1.38s comes in at 1.3930. Support is 1.3650/75.”

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Source: https://www.fxstreet.com/news/usd-cad-overshoot-risk-near-138-zone-scotiabank-202603251449

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0003703
$0.0003703$0.0003703
-0.02%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The firm whose AI paper knocked the whole market is out with another big call

The firm whose AI paper knocked the whole market is out with another big call

The post The firm whose AI paper knocked the whole market is out with another big call appeared on BitcoinEthereumNews.com. A trader works on the floor at the New
Share
BitcoinEthereumNews2026/03/26 00:58
Sam Altman Unveils $1 Billion AI Plan Targeting Disease Cures

Sam Altman Unveils $1 Billion AI Plan Targeting Disease Cures

The post Sam Altman Unveils $1 Billion AI Plan Targeting Disease Cures appeared on BitcoinEthereumNews.com. Sam Altman announced a $1 billion investment plan through
Share
BitcoinEthereumNews2026/03/26 00:50
Adoption Leads Traders to Snorter Token

Adoption Leads Traders to Snorter Token

The post Adoption Leads Traders to Snorter Token appeared on BitcoinEthereumNews.com. Largest Bank in Spain Launches Crypto Service: Adoption Leads Traders to Snorter Token Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she’s not deep into a crypto rabbit hole, she’s probably island-hopping (with the Galapagos and Hainan being her go-to’s). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/banco-santander-and-snorter-token-crypto-services/
Share
BitcoinEthereumNews2025/09/17 23:45