28 Apr 2015
Canadian dollar and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.
Key Quotes:
"USD/CAD retains a weak technical undertone; we continue to target a slide to the low 1.19s but overshoot risks are rising."
"EUR/CAD's bear trend remains intact from a broader perspective but may consolidate further near-term."
"AUD/CAD's pop higher keeps the cross in a choppy (directionless) range."
"GBP/CAD remains potentially well-positioned to rebound from a test of key, medium-term support."
"CAD/JPY is grinding out gains."
"NZD/CAD turns higher again but we think levels nearer 0.94 provide an entry point for shorts."
Key Quotes:
"USD/CAD retains a weak technical undertone; we continue to target a slide to the low 1.19s but overshoot risks are rising."
"EUR/CAD's bear trend remains intact from a broader perspective but may consolidate further near-term."
"AUD/CAD's pop higher keeps the cross in a choppy (directionless) range."
"GBP/CAD remains potentially well-positioned to rebound from a test of key, medium-term support."
"CAD/JPY is grinding out gains."
"NZD/CAD turns higher again but we think levels nearer 0.94 provide an entry point for shorts."