16 Dec 2014
CAD and crosses in technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical picture of the Canadian dollar and the crosses.
Key Quotes:
“USD/CAD consolidates below resistance in the upper 1.16s; look for firm support on dips, however, as the broader bull trend remains strong”.
“EUR/CAD gains through the 1.45 area suggest more strength ahead, alleviates near-to-medium term downside risks”.
“AUD/CAD pushes a little higher again but caution remains warranted here”.
“GBP/CAD makes a crucial break higher – 1.90 is back on radar if the double bottom trigger break holds”.
“CAD/JPY overshoots our bear target but then steadies”.
Key Quotes:
“USD/CAD consolidates below resistance in the upper 1.16s; look for firm support on dips, however, as the broader bull trend remains strong”.
“EUR/CAD gains through the 1.45 area suggest more strength ahead, alleviates near-to-medium term downside risks”.
“AUD/CAD pushes a little higher again but caution remains warranted here”.
“GBP/CAD makes a crucial break higher – 1.90 is back on radar if the double bottom trigger break holds”.
“CAD/JPY overshoots our bear target but then steadies”.