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Forex: USD/CAD stabilizes around 1.0160/65

FXstreet.com (Barcelona) - The Canadian dollar is trimming earlier gains after hitting session highs against the greenback in the region of 1.0150, pushing the cross to the current area of 1.0160/65

In the view of the research team at TD Securities “There is nothing in the short-term price action to suggest that the move lower is not going to extend. The market has found some modest support at 1.0150/60 so far today but the USD has barely bounced at all. We think the trend lower remains intact. Look to sell modest USD rallies”.

USD/CAD is now up 0.03% at 1.0167 facing the next resistance at 1.0222 (MA10d) ahead of 1.0251 (MA21d) and then 1.0315 (high Mar.8).
On the flip side, a breakdown of 1.0160 (low Feb.22) would aim for 1.0055 (low Feb.18) en route to 0.9995 (high Feb.5).

Forex Flash: US 10-year treasuries prolong sideways movements – RBS

The market continues to see a 1.75% to 2.15% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while the near-term support is 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to "all even minor moves in this environment are ebbing as the dominant rate trend remains sideways.”
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Forex: GBP/USD trading negatively at 1.5114/16

The GBP/USD has held fast in negative territory, despite recovering slightly off its European lows (1.5093). However, in recent minutes, the pair is once again threatening the 1.5100 mark, having settled at 1.5114/16 at the time of writing, down -0.28%
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