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Forex Flash: USD/CAD losses should remain relatively shallow intraday - TDS

“USD/CAD remains relatively well supported,” say Toronto FX Research Team at TD Securities, “on the basis of the bullishly-oriented DMI oscillator,” they add, “so we rather think that losses should remain relatively shallow intraday,” the team concludes.

Nonetheless, they also note: “Weakness below 1.0045 does, however, suggest the risk of a modestly deeper pullback in the next day or two,” though, “For the moment, we remain constructive and look at modest USD weakness as a buying opportunity still.”

Obama addresses congress at the SOTU speech

In the State of the Union speech, President Barack Obama is addressing the Congress, with the main highlights found below. The text has been obtained from the official Obama's prepared full speech text:
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Forex Flash: AUD/USD strong support 1.0150/1.0200 remains the risk near term - Westpac

With recent Aussie surge to last 1.0334 USD, “despite mixed rather than overly negative news flow,” says Sean Callow, strategist at Westpac, “A test of strong support around 1.0150/1.0200 remains the risk near term,” the analyst adds, “as the extent of further RBA easing is debated and long Japanese and spec positioning weighs.”
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