Flash: CAD Technical Outlook –TD Securities

FXstreet.com (Barcelona) - Research teams at TD Securities offer their analyses on CAD.

Key Quotes:

“USD/CAD recovery stalls in the mid 1.04 area today but broader signals are very constructive and we look for the USD bull trend to get back on track quickly”.

“Modest USD/CAD dips are a buy”.

“EUR/CAD pushes through 1.38”.

“AUD/CAD stabilizes but weak trend shows no sign of reversing”.

“GBP/CAD spikes towards the upper end of the broader trading range”.

“CAD/JPY downtrend pick up momentum again”.

GBP/USD rally capped at 1.5530 region

The GBP/USD foreign exchange rate surged higher throughout US trading, having jumped on the BoE, though the rally seems to have cooled recently.
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EUR/GBP bottoms out and returns to 0.8600

The EUR/GBP technical cross rebounded out of the depths at 0.8579, now regaining the 0.8600 barrier during US trading.
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