7 Oct 2014
CAD and crosses in a technical snapshot - TDS
FXStreet (Barcelona) - Analysts at TD Securities gave us their technical snapshot for the Canadian dollar and crosses with the CAD sucking up the greenbacks recent supply on the market.
Key Quotes:
"USD/CAD traded negatively yesterday and we see limited potential for funds in the short-term from here; weakness below support in the low 1.11 area may see the 1.10 zone retested".
"EUR/CAD battles back against strong bear trend momentum".
"AUD/CAD rebound extends; may target the high 0.99s".
GBP/CAD searches for a stronger sense of direction".
CAD/JPY falls sharply after failing against resistance at 97.70".
Key Quotes:
"USD/CAD traded negatively yesterday and we see limited potential for funds in the short-term from here; weakness below support in the low 1.11 area may see the 1.10 zone retested".
"EUR/CAD battles back against strong bear trend momentum".
"AUD/CAD rebound extends; may target the high 0.99s".
GBP/CAD searches for a stronger sense of direction".
CAD/JPY falls sharply after failing against resistance at 97.70".