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6 Feb 2015
USD/CAD remains a buy on dips – TDS
FXStreet (Barcelona) - The Research Team at TD Securities, views the longer-term outlook for USD/CAD as bullish and suggests using the current short-term weakness as a buying opportunity.
Key Quotes
“Longer-term price patterns are also a little equivocal on the USDCAD direction but these charts have the benefit of still bullish trend momentum across the daily, weekly and monthly oscillator studies.”
“Against the backdrop of a deeply embedded bull trend in the USD from a technical point of view, we have to look for opportunities to buy on short-term weakness.”
“Resistance turned- support in the upper 1.23 area held again yesterday and should remain pivotal through the end of the week. Look to buy dips.”
Key Quotes
“Longer-term price patterns are also a little equivocal on the USDCAD direction but these charts have the benefit of still bullish trend momentum across the daily, weekly and monthly oscillator studies.”
“Against the backdrop of a deeply embedded bull trend in the USD from a technical point of view, we have to look for opportunities to buy on short-term weakness.”
“Resistance turned- support in the upper 1.23 area held again yesterday and should remain pivotal through the end of the week. Look to buy dips.”