Forex Flash: USD/CAD pressured targets 0.9800 – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts see the Loonie marginally outperforming along with the Scandies in today's quiet and thin trading FX market. Ahead in the US session is Dallas Fed manufacturing data to be "decently" eyed as well as the speech from Fed's Pianalto, known to be dovish, with possible pressure on the USDCAD.

"While marginal so far, USDCAD's push below short term support near 0.9910/15 suggests last week's rebound may have set its top, and that the pair is back on track for a test of 0.9800", wrote TD Securities analysts Shaun Osborne and Greg Moore, pointing to initial support at 0.9885 and 0.9850.