USD/CAD range trading on the day - TD Securities

FXStreet (Łódź) - The TD Securities team of economists point out that due to a lack of Canadian economic releases today, USD/CAD price action will depend on flows and market-moving events.

Key quotes

"Actually the next notable domestic release will be July’s Industry Level GDP on Sep 30th."

"On the charts, a close above 1.1060 yesterday constitutes a positive signal and opens a retest on the low 1.11s."

"But we believe funds will move to the tune of the broader USD trends on the day, which suggest the pair will trade the 1.1030/1.1100 range."