Forex Flash: CAD shorts less bearish – TD Securities

FXstreet.com (Barcelona) - With USDCAD struggling above parity for last 2 weeks, last at 0.9970, Toronto based FX Research Team at TD Securities find that: "Short-term patterns have turned a little less USD-supportive over the past few days," the analyst note, adding: "For the moment, we think the USD's ability to press higher has been curtailed, but it is hard to conclude that near-term prospects have turned more obviously bearish at this point."

For USDCAD: "We expect good support in the 0.9950/60 area ahead of a key support band in the low 0.99s," the team says, while for Euro cross: "EURCAD still tend towards the more negative in the longer run, we feel," they conclude.