The Canadian dollar fell slightly after growth, which has shown a currency from the beginning of the week. However, the technical picture still looks favorable for the Canadian currency against the U.S. dollar. According to analysts of Scotia Capital, Technical Support dollar pair dollar / Canada is quite weak - it takes place at the level of 1.1118, which is yesterday's minimum. The next psychologically important level of support is 1.1000. According to the bank, the Canadian dollar proved to be a currency with a high beta coefficient, showing the best results compared to other currencies at a time when the U.S. dollar falling, and the worst - when the U.S. currency rising. In the past few days, this rule was confirmed: the strengthening of the Canadian dollar was the most significant. Scotia Capital analysts believe that in the short term, this trend will continue. The pair dollar / Canada is currently at 1.1190.
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