Back
10 Apr 2015
CAD and crosses in technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the Canadian dollar in a technical snapshot along with crosses.
Key Quotes:
"USD/CAD's rebound from 1.24 suggests the recent range trade remains intact; weekly close will help determine where we go next."
"EUR/CAD weakness is set to extend towards 1.33 n/t target; further losses likely moving forward. "
"AUD/CAD rally slows; expect support on dips to the 0.96 area."
"GBP/CAD pressures support in the low 1.85 area again."
"CAD/JPY's stall and turn lower from the top of the sideways range in place since February should prompt a retest of the lower end of the range."
Key Quotes:
"USD/CAD's rebound from 1.24 suggests the recent range trade remains intact; weekly close will help determine where we go next."
"EUR/CAD weakness is set to extend towards 1.33 n/t target; further losses likely moving forward. "
"AUD/CAD rally slows; expect support on dips to the 0.96 area."
"GBP/CAD pressures support in the low 1.85 area again."
"CAD/JPY's stall and turn lower from the top of the sideways range in place since February should prompt a retest of the lower end of the range."