USD/CAD is expected to remain within a range-trading environment – RBC CM

According to Sue Trinh, Head of Asia FX Strategy at RBC Capital Markets, USD/CAD is expected to remain within a range-trading environment through tomorrow, when the BoC interest rate decision and April MPR will be released.

Key Quotes

“Support at 1.3277 and resistance at 1.3422 feature as levels to watch in this regard, with no data releases scheduled for today.”