25 Sep 2014
USD/CAD bulls need a close through 1.1122 – TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the current conditions surrounding the USD/CAD.
Key Quotes:
“At the moment, there seems to be very little that could get in the way of the USD bull run, as the big dollar is showing impressive strength on the charts against most crosses."
"For funds, in particular, we would look for a retest of yesterday’s high at 1.1122 and a close above that level to signal on going strength. On the downside, first support levels should be found around 1.1060 and further down around 1.1020/30."
Key Quotes:
“At the moment, there seems to be very little that could get in the way of the USD bull run, as the big dollar is showing impressive strength on the charts against most crosses."
"For funds, in particular, we would look for a retest of yesterday’s high at 1.1122 and a close above that level to signal on going strength. On the downside, first support levels should be found around 1.1060 and further down around 1.1020/30."