17 Nov 2014
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a technical snapshot at the Canadian dollar and crosses.
Key Quotes:
“USD/CAD consolidates, moderate downside bias persists in the short-term; look for support in the low 1.12s”.
“EUR/CAD can't get back above 1.42 or break below 1.40 but the downside looks more vulnerable overall”.
“AUD/CAD trade remains choppy but price action/patterns favour weakness ahead”.
“GBP/CAD eases, reluctantly”.
“CAD/JPY reaches a little above 103 and turns lower; monitor for signs of short-term topping”.
Key Quotes:
“USD/CAD consolidates, moderate downside bias persists in the short-term; look for support in the low 1.12s”.
“EUR/CAD can't get back above 1.42 or break below 1.40 but the downside looks more vulnerable overall”.
“AUD/CAD trade remains choppy but price action/patterns favour weakness ahead”.
“GBP/CAD eases, reluctantly”.
“CAD/JPY reaches a little above 103 and turns lower; monitor for signs of short-term topping”.