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12 Aug 2013

Flash: USD/CAD holds an upsdie bias - TD Securities

FXstreet.com (Barcelona) - Research Teams at TD Securities eye's disappointments to the pairs trend.but it is holding and upsdie bias.

Key Quotes:

"On the charts, USD/CAD has traded higher from Friday’s low, leaving the late-July/early-August trading range firmly intact".

"The pair’s failure to follow through on some of the bullish signals from early last week was a disappointment to USD/CAD bulls, and while price action is looking more neutral in the short and medium term perspective, our broader bias remains higher still as long as the 1.0250 support holds in the coming days".

"On the topside, there is a little more room for movement, with key resistance further away in the 1.0440/45 area".

Aug 12, 2013

GBP/USD contained by 100-hour SMA

The GBP/USD extended its correction on Monday and retreated further from its 7-week high scored last week as the greenback trim losses across the board.

EUR/USD dips below 1.3280

The shared currency prolongs its intraday decline on Monday, driving the EUR/USD to a test of fresh multi-day lows in sub 1.3280 levels.