Forex Flash: USD/CAD 0.99 a decent support area - TDS
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USD/CAD
FXstreet.com (Barcelona) - Even though USDCAD reversed course severely past Friday at fresh 3-month highs 1.0057, Toronto based TD Securities analyst Greg T. Moore is "hesitant to call for a turning point, but we do
think this week's signals suggest the potential of an extension to 1.0150/250 (our recent tactical target) has diminished," Greg says.
With current week lows at 0.9957, Greg thinks "more pressure could be in the cards in the coming days and weeks," although, "Initially, the low 0.99 area should provide decent support," the analyst suggests.
think this week's signals suggest the potential of an extension to 1.0150/250 (our recent tactical target) has diminished," Greg says.
With current week lows at 0.9957, Greg thinks "more pressure could be in the cards in the coming days and weeks," although, "Initially, the low 0.99 area should provide decent support," the analyst suggests.
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