17 Oct 2014
Canadian dollar and crosses snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a technical snapshot at the Canadian dollar and crosses.
Key Quotes:
“USD/CAD choppy but underlying trend remains bullish; look for support in the upper 1.12s”.
“EUR/CAD consolidates but there are tentative signs of a technical trend change here above 1.4420”.
“AUD/CAD gains capped, puts rebound at risk”.
“GBP/CAD makes some positive moves but weak momentum suggests a range trade for now”.
“CAD/JPY more or less completes full retracement of the August/September rally but downside risks remain”.
Key Quotes:
“USD/CAD choppy but underlying trend remains bullish; look for support in the upper 1.12s”.
“EUR/CAD consolidates but there are tentative signs of a technical trend change here above 1.4420”.
“AUD/CAD gains capped, puts rebound at risk”.
“GBP/CAD makes some positive moves but weak momentum suggests a range trade for now”.
“CAD/JPY more or less completes full retracement of the August/September rally but downside risks remain”.