Flash: CAD in focus – TD Securities

FXstreet.com (London) - The Toronto FX Research Team, Shaun Osborne and Greg Moore at TD Securities noted the CAD’s movements this afternoon.

Key Quotes:

“USD/CAD slide shows signs of stabilising around 1.2050/80 support zone”.

“EUR/CAD still capped by short-term trend resistance”.

“AUD/CAD consolidates, downside risks remain”.

“GBP/CAD searching for direction”.

“CAD/JPY drop suggests a new leg lower is getting underway”.