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USD/CAD: Gradual Recovery Has Further Room To Target; Where To Target? – TD

TD Research notes that after carving out a base around 1.2414, USD/CAD has been gradually inching higher.

"We think the move has some more room to run given that much of the good news is priced into CAD. Read More →

Robust NFP numbers give dollar some shine back

The U.S. dollar rallied to its largest one-day gain against a its major rivals so far this year after a strong U.S. July non-farm payrolls report and remarks from National Economic Council director Gary Cohn about lowering the U.S. corporate Read More →

CADJPY – Canadian Dollar in Declining Channel Vs Japanese Yen

Key Points

  • The Canadian Dollar started a downside move after trading towards 89.40 against the Japanese Yen.
  • There is a descending channel pattern with resistance near 87.60-70 forming on the hourly chart of CADJPY.
  • Today in Japan, the Leading Economic Read More →

AUD/USD: Bullish Setup Intact Against A Weekly Close Below 0.7710/30 – NAB

NAB FX Strategy Research notes AUD/USD positive technical outlook in recent months remains intact and has shifted to a new level upon the July breakout close above key resistance levels.

"Both price and momentum triggers are decisively positive at Read More →