USD/CAD to take July high?

FXstreet.com (London) – USD/CAD is attempting the upside further and looking for a break into the 1.06 handle.

US Strategists at TD Securities said the positive price action in USD/CAD have delivered spot to minor new cycle highs this morning a little above 1.06. Support in the 1.0525 area holding this week’s early decline has provided the platform for a push above the figure and a retest of the July high at 1.0605. “The USD/CAD rally extension today looks positive from a short-term point of view, as noted above, but there is still some work to do. The July high …read more