Forex Flash: USD/CAD, time for a modest rebound? - TDS
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USD/CAD
FXstreet.com (Barcelona) - USDCAD may be poised to rebound a little after the extended run lower says Sean Osborne,
Chief FX Strategist at TDS. After the USDCAD was well bid during the latest NA session, "we may see a modest correction higher in the next day or so" says Shaun. However, "the strength of the underlying trend lower suggests that there will be very strong resistance in the high 0.98/0.9900 area."
Chief FX Strategist at TDS. After the USDCAD was well bid during the latest NA session, "we may see a modest correction higher in the next day or so" says Shaun. However, "the strength of the underlying trend lower suggests that there will be very strong resistance in the high 0.98/0.9900 area."
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