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USD/CAD constructive sub 1.06 handle

FXstreet.com (London) – USD/CAD has been sub 1.0600 and is constructive in a wedge formation for the end of the week.

Strategists at TD Securities noted that the strong session for funds Wednesday is followed today with consolidation. “Market holidays probably have something to do with the stunted range but an inside range session today (coming on the heels of the strong USD rally) may suggest more consolidation below the 1.0600/05 area as the market mulls its next move. We think the broader direction for USD/CAD is higher as we move into 2014 but the rally in USD/CAD may have …read more