Back
8 Aug 2014
USD/CAD eyes 1.0855 if 1.0900 breached - TDS
FXStreet (Guatemala) - Shaun Osbourne, Chief FX Strategist at TD Securities explained technical conditions around the Canadian Dollar.
Key Quotes:
“Technically, short-term price action still looks a little heavy after Wednesday’s sell-off; a rebound though 1.0950 would be a minor USD-positive”.
“A move below 1.09 would likely lead to a retest of the 200-day MA at 1.0855."
Key Quotes:
“Technically, short-term price action still looks a little heavy after Wednesday’s sell-off; a rebound though 1.0950 would be a minor USD-positive”.
“A move below 1.09 would likely lead to a retest of the 200-day MA at 1.0855."