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Flash: USD/CAD bullishness reiterated – TD Securities

FXstreet.com (New York) – We remain bullish on the USD/CAD outlook but await a catalyst to drive funds higher, suggests the TD Securities Team.

Key quotes

“A combination of better USD GDP and another large Canadian current account deficit were evidently not the excuse the market was looking for to take another run at the topside this morning. Month-end flows were still USD-positive however.”

“From a technical point of view, even though the USD rally stalled this week, the market still looks to be in pretty decent shape. As we noted earlier in the week, corrective USD losses based more or less …read more