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USD/CAD heading for 1.07 handle? - TD Securities

FXStreet (Guatemala) - Shaun Osbourne, Chief FX Strategist at TD Securities outlook for the CAD is positive the short term technical.

Key Quotes:

"We continue to feel that the USD’s broader rally is running out of steam and prone to a correction;

“That observation, combined with some soft-looking technical signals for USD/CAD on the short-term charts continues to make us a little more concerned about a move lower in USD/CAD in the next couple of weeks”.

“USD/CAD struggled to hold a bid this week and has looked heavy near 1.10 or a little above”.

“We think a push down to the low 1.09s is a “go with” move that should trigger funds dropping back to the upper 1.07s."

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