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12 Mar 2014
Flash: USD/CAD grinding higher towards key 1.1145 - TDS
FXStreet (Guatemala) - Strategists at TD Securities noted that USD/CAD continues to grind higher.
Key Quotes:
“We still think the pattern of trade here is positive for the USD but we are not yet convinced that the USD move up is poised to accelerate”.
“However, we can see that trend momentum studies across a range of shorter-term timeframes are tracking slightly more positive courses after the recent slump into neutral”.
“And, like yesterday, we still rather think the USD needed to clear 1.1140/45 to trigger a push higher”.
“Technical signals point higher for USD/CAD and minor trend breaks reinforce that view”.
“But gains may be slow to build for now”.
Key Quotes:
“We still think the pattern of trade here is positive for the USD but we are not yet convinced that the USD move up is poised to accelerate”.
“However, we can see that trend momentum studies across a range of shorter-term timeframes are tracking slightly more positive courses after the recent slump into neutral”.
“And, like yesterday, we still rather think the USD needed to clear 1.1140/45 to trigger a push higher”.
“Technical signals point higher for USD/CAD and minor trend breaks reinforce that view”.
“But gains may be slow to build for now”.