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13 Mar 2013
Forex Flash: USD/CAD momentum fading - TDS
USD/CAD momentum continues to gradually fade, notes Shaun Osborne, Chief FX Strategist at TDS, adding that "the pair consolidates well within the range of the past two trading days."
"Without a catalyst it should be hard to crack the key 1.0250 and 1.0315 levels for now; a break lower would look to 1.0215/20 initially, while 1.0330/40 is the next topside level to watch" Shaun concludes.
"Without a catalyst it should be hard to crack the key 1.0250 and 1.0315 levels for now; a break lower would look to 1.0215/20 initially, while 1.0330/40 is the next topside level to watch" Shaun concludes.