Forex Flash: USD/CAD a little vulnerable, with support at 0.9900/20 – TD Securities
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USD/CAD
FXstreet.com (Barcelona) - The TD Securities team of analysts think that now that the USDCAD is trading back to the mid 0.99s again, the potential for a break higher looks somewhat diminished."Trading volumes are likely to lighten up pretty quickly after today as US markets prepare for the Thanksgiving break.This is liable to put more downward pressure on volatility in the near-term", wrote analysts Shaun Osborne and Greg Moore, considering the cross a little vulnerable to the downside, but with good support in the 0.9900/20 area now.
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