Flash: USD/CAD bullishness intact – TD Securities

FXstreet.com (New York) – For all the short-term chop, the broader bull trend is—just about—holding in a broader sense, suggests the TD Securities Team.

Key quotes

“Short, medium and long-term trend momentum USD/CAD studies remain bullishly aligned but the short-term measures may flip to neutral if spot slides more in the next day or so.”

“If the market is to bounce, this is a good spot for the rebound to start getting some traction from a technical point of view.”

“A firm bid (so far) off the intraday lows lends a positive undertone to price action so far today. We warn of the …read more