Flash: USD/CAD targets 1.06, uptrend to resume - TDS

FXstreet.com (Barcelona) - Focusing short term, Greg T. Moore, Strategist at TD Securities, expects the USD/CAD to regain its bullish tone int the months ahead, thus the recent sharp fall presents a buying opportunity in Moore's view.

Moore notes: "From a trade perspective, we are quite comfortable with the risk/reward at the current spot rate, and will buy at these levels targeting 1.06, and risking 1.0215."