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31 Jul 2014
USD/CAD 1.10 handle within 3 month target - TDS
FXStreet (Guatemala) - Shaun Osbourne, Chief FX Strategist at TD Securities said that, technically, they can observe a strong underlying bull trend still developing in USD/CAD.
Key Quotes:
“Short, medium and long-term trend momentum oscillators are aligned bullishly, something which usually delivers a grinding directional move with shallow, counter-trend corrections."
"We think USD/CAD dips will be well-supported in the upper 1.08s from here”.
“We see some resistance in the mid 1.09s but we think 1.10/1.11 is reachable for funds in the next 1-3 months."
Key Quotes:
“Short, medium and long-term trend momentum oscillators are aligned bullishly, something which usually delivers a grinding directional move with shallow, counter-trend corrections."
"We think USD/CAD dips will be well-supported in the upper 1.08s from here”.
“We see some resistance in the mid 1.09s but we think 1.10/1.11 is reachable for funds in the next 1-3 months."