Flash: USD/CAD bullish on charts – TD Securities

FXstreet.com (London) - TD Securities research teams say that, on the charts, they still view broader developments in USD/CAD as technically positive and remain bullish on the outlook overall.

They suggest a push to new highs would add to the positive short-term momentum we think and setbacks in the USD should be limited to the mid/upper 1.02 area for the moment—trend resistance turned support. They spot intraday resistance at 1.0310/20 and 1.0341 and say a weekly close above 1.0310 would be constructive for USD/CAD from a longer-term point of view.