Flash: CAD in focus –TD Securities

FXstreet.com (London) - Research teams at TD Securities put the CAD in focus.

Key Quotes:

“USD/CAD supported in the upper 1.04s, gains through 1.0510 should extend towards 1.0550”.

“EUR/CAD retains a weak bias but move down is starting to look extended”.

“AUD/CAD rally capped in the low 0.96 zone for now”.

“GBP/CAD shop around highs is not constructive”.

“CAD/JPY recovery tests key resistance at 95.26”.

USD/CAD back around 1.0500

The bullish momentum in the pair is losing vigour on Thursday, with the USD/CAD retracing ground from peaks near 1.0520...
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