Forex Flash: CAD correlation to risk remains firm unlike other currencies - TD Securities

FXstreet.com (Barcelona) - TD Securities analysts expect the USDCAD to remain under consolidation, but point out to the still firm correlation between the CAD and risk assets while other pair's correlations to risk have faded somewhat over the last month, "In that sense, while fundamental developments remain few and far between at the moment, it is worth keeping an eye on any strong signals from equities and commodities", wrote analysts Shaun Osborne and Greg Moore, expecting more neutral price action in the coming sessions, with key support at 0.9830/40. "The top side appears a bit more open, with minor resistance just above spot at the 100-day moving average (0.9885), before 0.9920/25 comes into view", they added.