TD Securities: U.S. / Canada is still in the range

In the past few weeks, couple dollar / Canada with enviable regularity has been testing the boundaries of the two-month range near the levels of C $ 1.0600 and C $ 1.1100. According to currency analysts TD Securities, in the near future this trend will continue. The bank believes that there is a high probability that within the next week or two dollar / Canada will again test the upper limit trading range in C $ 1.1100. As part of the broader perspectives of bank analysts believe that the general downtrend of the dollar will remain in force, and the bank does not exclude the likelihood of a sharp drop in U.S. currency before the end of this year. At the moment pair dollar / Canada is trading at C $ 1.0863.