Forex Flash: USD/CAD with support on dips to 1.0000/10 – TD Securities

August 03, 2012 | Filed Under »
Forex pairs in this Article » USD/CAD
FXstreet.com (Barcelona) - TD Securities analysts say the Loonie continues to trade in the shadow of the greenback, stuck in a tight range and reflecting USD moves against its G-10 peers: "That is liable to continue unless or until the CAD can find a way to differentiate itself, for the better or worse, from the USD", wrote the economists, seeing support on dips to the 1.0000/10 area, while resistance would be at 1.0065/70 and 1.0100/10 (200-day MA at 1.0107).
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