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USD/CAD charts turning against bullish stance - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained that they remain bullish and prefer to look for opportunities to buy USD/CAD.

Key Quotes:

“Price action early in the session here again looks constructive and the 200-day MA (1.0837) has held the downside again”.

“But we have to concede that the charts are turning against the USD/CAD at the moment; this will raise the risk of more softness below 1.0850 unless there is a swift recovery in spot in the course of the next week or so."

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