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12 Sep 2013
Flash: USD/CAD showing signs of bottoming out? – TD Securities
FXstreet.com (Lisbon) - The USD/CAD continues to pressure support in the low 1.03 area but rumored barrier interest at the figure may be restraining losses, notes the TD Securities Team.
Key quotes
“We don’t think this morning’s North American data will sway markets one way or the other (Canadian housing numbers have been mixed this week and the market has likely lost some interest in the weekly claims data after Friday’s NFP report).”
“Focus may fall on the crosses, to see if AUD/CAD finds any interest around pivotal support in the low 0.95 area (risk of a push back to 0.9440/50 below 0.9542).”
Key quotes
“We don’t think this morning’s North American data will sway markets one way or the other (Canadian housing numbers have been mixed this week and the market has likely lost some interest in the weekly claims data after Friday’s NFP report).”
“Focus may fall on the crosses, to see if AUD/CAD finds any interest around pivotal support in the low 0.95 area (risk of a push back to 0.9440/50 below 0.9542).”