13 Feb 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical analyses of the Canadian dollar and crosses.
Key Quotes:
"USD/CAD's drift lower may extend near-term towards the upper 1.23 area; price action shows signs of softness for the first time in a while."
"EUR/CAD remains capped near the top of the wide trading range in place over the past few months."
"AUD/CAD retains a weak bias; we target a drop to 0.94."
"GBP/CAD's rally stalls, may edge lower."
"CAD/JPY consolidates but still looks poised to extend rebound."
Key Quotes:
"USD/CAD's drift lower may extend near-term towards the upper 1.23 area; price action shows signs of softness for the first time in a while."
"EUR/CAD remains capped near the top of the wide trading range in place over the past few months."
"AUD/CAD retains a weak bias; we target a drop to 0.94."
"GBP/CAD's rally stalls, may edge lower."
"CAD/JPY consolidates but still looks poised to extend rebound."