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Forex Flash: USD/CAD is consolidating last week’s rebound - TD Securities

FXstreet.com (London) - The research teams at FX & Commodities Research for TD Securities noted that the salient feature of the daily chart remains last Thursday’s big, bullish key reversal day, which strongly suggests that an important, short-term low is in for funds at this point. They went on to warn of caution of the low/mid 1.01 area which remains a zone of quite strong resistance and highlighted that good selling interest reportedly emerged here through Asian trade. On the day, weakness below 1.0100/10 may see 1.0055 retested and sees these levels as a good opportunity for USD buyers. Overall, they are remaining bullish for the funds.

Forex: USD/CAD testing 1.0100

The Canadian dollar is appreciating against its neighbour on Monday, ahead of the US retail sales for the month of April. Prior surveys expect sales to have contracted 0.3% on a monthly basis and 0.3% striping the automotive sector....
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Forex: USD/CHF holds above 0.9545

The dollar entered in a consolidation phase against the Swissy, as investors take a breather after last week's steep gains, ahead of US Apr retail sales data.
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