EUR/CAD some sell?

FXstreet.com (London)- USD/CAD has slowed at the end of the session and remains on the 1.45 handle after a sharp decline from 1.4620.

Strategists at TD Securities said, "after a great 6 rally with no correction at all, a drop on the back of a sort not surprising, especially since the cross is bumping up against resistance ceiling of toro. Overall, though, the trend up stays well rooted a persistent decline is necessary to signal a top. We still think that the 1.48 area might offer better resistance, in the medium term ".

EUR/CAD layers

The 20 DMA is 1.4380, DMA is 50 and 200 DMA 1.4225 is 1.3710. RSI (14) 43.14 law. Supports are ascending from 1.4420, 1.4445, 1.4490 and 1.4545. Spot is 1.4552, while the resistances are 1.4740, 1.4775, 1.4815 and 1.4840.

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