TD Securities analysts suggest that the USD’s sogginess has helped to pull USD/CAD pair near key daily uptrend support and they anticipate dips below 1.31 will find support however the CAD still lacks merit. Key Quotes “The BOC is in no urgency to hike anytime soon and basic balance remains awful.” “The backdrop for risk is beginning to look a bit more circumspect after a remarkable rally YTD.” “Correlation studies indicate that CAD appears the most sensitive on a risk pullback, suggesting a look lower in CAD/JPY is appropriate. We also like CAD/SEK lower.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Private credit slowing – Westpac FX Street 4 years TD Securities analysts suggest that the USD's sogginess has helped to pull USD/CAD pair near key daily uptrend support and they anticipate dips below 1.31 will find support however the CAD still lacks merit. Key Quotes "The BOC is in no urgency to hike anytime soon and basic balance remains awful." "The backdrop for risk is beginning to look a bit more circumspect after a remarkable rally YTD." "Correlation studies indicate that CAD appears the most sensitive on a risk pullback, suggesting a look lower in CAD/JPY is appropriate. We also like CAD/SEK lower." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
