The post CAD firms into low 1.38s on broad USD weakness – Scotiabank appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) has picked more ground this The post CAD firms into low 1.38s on broad USD weakness – Scotiabank appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) has picked more ground this

CAD firms into low 1.38s on broad USD weakness – Scotiabank

The Canadian Dollar (CAD) has picked more ground this morning to reach the low 1.38s in a reflection of the broader weakness in the US Dollar (USD) rather than anything else, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD/CAD breaks key support, signals further downside

“The CAD is trading a little above our estimated fair value (1.3865) for the first time since the start of the year but a sustained or deeper slide in risk appetite in the short run could serve to slow or halt CAD gains absent any other CAD-positive drivers.”

“Yesterday’s Canadian data reports reflected slightly firmer than expected inflation and a marginally better than forecast (but still subdued and largely historic now) Business Outlook Survey for Q4 to help the CAD at the margin but a generally weaker USD is the primary story today.”

“USD/CAD losses through noted support and bear trigger at 1.3855/60 target short-term losses to 1.3790/95. Recent price action reflects USD gains stalling against the combination of the 50– and 100-day MAs in the high 1.38s and low 1.39s and (today) falling back under the 200-day MA signal (1.3837). Sustained USD losses over the week will reaffirm strong USD resistance in the low 1.39 zone and tilt medium-term risks towards more weakness.”

Source: https://www.fxstreet.com/news/cad-firms-into-low-138s-on-broad-usd-weakness-scotiabank-202601201512

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.013948
$0.013948$0.013948
-16.91%
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 service@support.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

Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves

Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves

TLDR Solana-based corporate treasuries have surpassed $4 billion in value. These reserves account for nearly 3% of Solana’s total circulating supply. Forward Industries is the largest holder with over 6.8 million SOL tokens. Helius Medical Technologies launched a $500 million Solana treasury reserve. Pantera Capital has a $1.1 billion position in Solana, emphasizing its potential. [...] The post Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves appeared first on CoinCentral.
Share
Coincentral2025/09/18 04:08
Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income

Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income

Metaplanet Inc., the Japanese public company known for its bitcoin treasury, is launching a Miami subsidiary to run a dedicated derivatives and income strategy aimed at turning holdings into steady, U.S.-based cash flow. Japanese Bitcoin Treasury Player Metaplanet Opens Miami Outpost The new entity, Metaplanet Income Corp., sits under Metaplanet Holdings, Inc. and is based […]
Share
Coinstats2025/09/18 00:32
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42