Flash: USD/CAD technically weaker – TD Securities

FXstreet.com (London) - Teams at TD Securities said the technical picture for USD/CAD looks a little weaker so far today, though not decisively so.

“Much will hinge on where we close out the session today overall. A sustained move below short-term support at 1.0374 (bear wedge base) levitates the risk that USD/CAD takes another tumble but the market seems reluctant to commit so far today”. They said intraday losses below 1.0325/30 would underpin that outlook. “From here, USD/CAD really needs to move back through 1.0425/45 to stabilise”.