11 May 2015
CAD market in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered a technical snapshot at the Canadian dollar and crosses.
Key Quotes:
"USD/CAD capped below 1.2140 resistance."
"EUR/CAD edges lower but short-term weakness may be part of a broader, bullish base."
"AUD/CAD stuck in a range – and may remain there for some time."
"GBP/CAD rebound from major support makes solid progress; look for 1.90/1.92 near-term and 2.00+ further out."
"CAD/JPY is trapped under 100."
"NZD/CAD slide continues apace; broader picture remains very negative."
Key Quotes:
"USD/CAD capped below 1.2140 resistance."
"EUR/CAD edges lower but short-term weakness may be part of a broader, bullish base."
"AUD/CAD stuck in a range – and may remain there for some time."
"GBP/CAD rebound from major support makes solid progress; look for 1.90/1.92 near-term and 2.00+ further out."
"CAD/JPY is trapped under 100."
"NZD/CAD slide continues apace; broader picture remains very negative."