USD/CAD to pick up further gains on a break above 1.2380 – Scotiabank

USD/CAD holds in mid 1.23s. Economists at Scotiabank expect the pair to see further gains on a break above 1.2380.

Initial support seen at 1.2340

“We spot key resistance intraday at 1.2380 and would look for USD gains to pick up above here in the short run.”

“Support is 1.2340 and 1.2310/20.”