Forex Flash: USD/CAD likely breach above 40-day MA (0.9938) to parity – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts were surprised that Republicans didn't even backed House Speaker 's Plan B to prevent most of the pending tax hikes from kicking in next year. "It's not entirely clear where we stand now in discussions; time is too short to realistically get a deal done before the end of the year. Talks will continue into January and a deal is still possible but the fiscal cliff looms a little larger and markets are moving back to safety", they wrote, setting a short/medium term low at 0.9826 for the USDCAD as the push through the band of short-term resistance between 0.9885/0.9905 does not look that convincing at the moment. "More likely from here is a push up through the 40-day MA (0.9938) to par", they added.