17 Jul 2014
CAD crosses technical outlook's – TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the outlooks of the Canadian dollar and its crosses in a snap shot.
Key Quotes:
"USD/CAD slips back from resistance in the high 1.07s but the broader trend remains constructive; new short-term cycle highs soon would be a plus".
"EUR/CAD rebound contained by the 28-day day MA for now".
"AUD/CAD pressures 40-day MA, still look for a push on to the upper 1.01s".
"GBP/CAD fails to hold 1.8450 break".
"CAD/JPY retains a soft bias and we look for more".
Key Quotes:
"USD/CAD slips back from resistance in the high 1.07s but the broader trend remains constructive; new short-term cycle highs soon would be a plus".
"EUR/CAD rebound contained by the 28-day day MA for now".
"AUD/CAD pressures 40-day MA, still look for a push on to the upper 1.01s".
"GBP/CAD fails to hold 1.8450 break".
"CAD/JPY retains a soft bias and we look for more".