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      USD/CAD funds breaks key support - TD Securities

      FXStreet (Łódź) - TD Securities team of analysts observe that the USD/CAD rise has come to a standstill on Thursday.

      Key quotes

      "Support in the low 1.09s broke overnight and it seems the pair might want to test 1.0870, which summarizes the confluence of the 100- and 200-day MA, as well as the 38% retracement of the March-June decline."

      "We would advise to remain humble today, ready to react nimbly to price action dictated by flows in anticipation of a noisy day tomorrow."

      "The recent consolidation around 1.0920/90 is clearly at an inflection point and, although we remain USD/CAD bulls, it is hard to hold a strong conviction for pair either side of 1.09 in the short term."

      Ukraine tensions simmer, neighboring countries feeling the pressure

      Tensions remain high in the Ukrainian crisis with the fighting in the eastern part of the country escalating and the controversial Russian aid convoy persistently trying to enter the region.
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      Dollar lower across the board - FXStreet

      FXStreet Chief Analyst Valeria Bednarik notes that the dollar remains weak on Thursday, falling after the rise in US jobless claims.
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