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22 Oct 2013
Flash: USD/CAD downside limited - TDS
FXstreet.com (Barcelona) - Strategists at TDS think downside is limited in USD/CAD at the moment.
Key Quotes
"We look for a more subdued BoC outlook, reflecting Senior DG Macklem’s recent comments. We think downside is limited in USD/CAD at the moment and current levels provide good risk/reward opportunities for USD longs. Intraday, support is 1.0265/75. Resistance is 1.0330."
Key Quotes
"We look for a more subdued BoC outlook, reflecting Senior DG Macklem’s recent comments. We think downside is limited in USD/CAD at the moment and current levels provide good risk/reward opportunities for USD longs. Intraday, support is 1.0265/75. Resistance is 1.0330."