USD/CAD risks are geared towards more gains - TD Securities

FXStreet (Łódź) - The TD Securities team of analysts suggest that even though the USD/CAD is getting closer to their 1.09 bull target they believe risks are geared towards more gains (1.10/1.11) in the weeks ahead.

Key quotes

“EUR/CAD's push above the 28-day MA signals scope for a test of 1.4650 break out resistance.”

“AUD/CAD is little changed today but the broader trend is still positive; we are cautiously constructive.”

“GBP/CAD nears the top of the recent trading range but we think only a push through 1.85 warrants attention."

"CAD/JPY bounces from support around 94.”