OctaFX | OctaFX Forex Broker
Open trading account

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."

GBP/JPY finally finds a base sub 178 handle

GBP/JPY is trading at 177.69, down -0.27% on the day, having posted a daily high at 180.73 and low at 177.55.
Read more Previous

USD/JPY ‘s upward trend to early to exit?- Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank suggested that it is too early to fight the upward trend.
Read more Next
Start livechat