Forex Flash: USD/CAD bullish - TDS

FXstreet.com (Barcelona) - With USD/CAD last at 1.0256, off recent weekly highs at 1.0256 and near weekly lows, “We spot stronger short-term support now at 1.0250,” Toronto based FX Research Team at TD Securities suggest, adding: “Hourly trend momentum is USD-bullish, aligning with the USD-positive signals on the other short-, medium– and long-term trend momentum oscillator signals. We remain bullish and think that modest USD dips are a buy,” they conclude.

According to the analysts, the move higher would have “scope for a push beyond the recent 1.0341 peak.”