Forex Flash: USD/CAD to focus on fiscal cliff challenges – TD Securities
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USD/CAD
FXstreet.com (Barcelona) - TD Securities analysts expect markets to continue focusing on the news flow and analyzing the fall out from, and next phase of, President Obama's re-election. "Focus really seems to be on the negative aspectsfiscal cliff challenges mainly".
"The market made a little more progress yesterday but last week's high at 1.0019 remains intact. We think USDCAD is a buyon modest dips or on a push to new highs", wrote analysts Shaun Osborne and Greg Moore, as they up the topside target range to 1.0150/1.0250 over the next few weeks, while the near-term target is 1.0075/85.
"The market made a little more progress yesterday but last week's high at 1.0019 remains intact. We think USDCAD is a buyon modest dips or on a push to new highs", wrote analysts Shaun Osborne and Greg Moore, as they up the topside target range to 1.0150/1.0250 over the next few weeks, while the near-term target is 1.0075/85.
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