Forex Flash: USD/CAD 0.9910/0.9960 range to persist near-term – TDS

FXstreet.com (Barcelona) - As the TD Securities Toronto based FX Research Team notes: "Short-term USDCAD trends suggest more consolidation in store for the market today," the analysts say, not forgetting that "Shorter-term trend strength is constructive," they add, "but the upper 0.99 resistance zone (channel, recent highs, 200-day MA) still looks a tough barrier for this market at the moment."

Concluding: "We look for a 0.9910/0.9960 range to persist near-term," the team suggests.