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Forex Flash: USD/CAD with very bullish potential – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts see quite choppy short-term trade patterns but with a powerful sharp extension higher in spot in the overnight market, pushing through minor trend resistance in the upper 1.01 area. “But, so far, resistance around 1.0235 has held. We look for support now on dips to the 1.0180 area intraday. A push through 1.0235 is bullish from a short-term point of view (and beyond in all likelihood)”, wrote analysts Shaun Osborne and Greg Moore, suggesting that the correction lower from above 1.03 may be running out of steam and that we rather thought USD/CAD was near more attractive buying levels (sub-1.01). “While intraday gains in USD/CAD have stalled in the low 1.02 area (reflecting the above noted 1.0235 resistance zone, the 40-day MA at 1.0211 and the redrawn the channel off the early March highs at 1.0207), we still think the set up here is potentially very bullish”, they added

Forex: AUD/USD falls below 200-day SMA

Following a short-lived bounce that was capped by the 1.0420 area, the Australian dollar resumed its decline versus the greenback and hit yet another low as US markets opened negatively and gold continues to drag.
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Forex Flash: New Zealand strategy profile – Westpac

According to Global FX Strategist Sean Callow at Westpac, “The surge in the NZD/USD last week, which was fuelled mainly by global sentiment, means a minor correction towards 0.8480 is due near-term.”
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