Forex News: An inside USD/CAD range so far Wednesday hints at consolidation of the past week's losses rather than an all out recovery in the USD at his stage, says a report from TD Securities. "The market has continued to find support below par, with the 200-day MA at 0.9996 coinciding with today's low," it says. "We continue to think that short and medium term risks are skewed lower for USD/CAD (to the mid 0.99s initially and the low 0.98s area thereafter) after the market's recent failures above 1.02," TD says.
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