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Forex Flash: USD/CAD scope to a move up around 1.03 - TDS

While USD/CAD is last at 1.0250, off daily lows at 1.0200, according to Toronto based FX Research Team at TD Securities, the pair is “still consolidating.” The analysts expected the 1.02 support to hold, and now they note that “Short-term price signals are constructive—hourly and 6-hour candle patterns are bullish, suggesting a firm, short-term low at least in place now,” they suggest.
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Forex: EUR/AUD breaks below 1.2400, 200 day SMA

EUR/AUD is last at 1.2364, off recent fresh 2013 lows at 1.2340, printed in mid NY trade. The cross adds relatively Aussie strength to mid term Euro weakness and breaks below the 200 day SMA that had been offering support around the 1.24 handle. The cross is down -1.53% for the week, with Aussie among the strongest currency majors in last 10 days, while Euro is the weakest of all.
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