Back
12 Aug 2013
Flash: USD/CAD holds an upsdie bias - TD Securities
FXstreet.com (Barcelona) - Research Teams at TD Securities eye's disappointments to the pairs trend.but it is holding and upsdie bias.
Key Quotes:
"On the charts, USD/CAD has traded higher from Friday’s low, leaving the late-July/early-August trading range firmly intact".
"The pair’s failure to follow through on some of the bullish signals from early last week was a disappointment to USD/CAD bulls, and while price action is looking more neutral in the short and medium term perspective, our broader bias remains higher still as long as the 1.0250 support holds in the coming days".
"On the topside, there is a little more room for movement, with key resistance further away in the 1.0440/45 area".
Key Quotes:
"On the charts, USD/CAD has traded higher from Friday’s low, leaving the late-July/early-August trading range firmly intact".
"The pair’s failure to follow through on some of the bullish signals from early last week was a disappointment to USD/CAD bulls, and while price action is looking more neutral in the short and medium term perspective, our broader bias remains higher still as long as the 1.0250 support holds in the coming days".
"On the topside, there is a little more room for movement, with key resistance further away in the 1.0440/45 area".