USD/CAD drifts a little lower. Economists at Scotiabank analyze the pair’s outlook.

Resistance is seen at 1.3600/1.3610

The USD/CAD pair is drifting lower but momentum is weak and losses may slow in the low/mid 1.3500s absent a stronger sense of (downward) direction developing in this market. 

Broadly flat range trading in funds in the past few weeks leaves longer run momentum studies look weak and neutral