Back
10 Dec 2014
CAD and crosses in technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave their technical snap shot at the Canadian dollar and crosses.
Key Quotes:
“USD/CAD shrugs off weak price action yesterday, comes back well bid to retest 1.15; the broader trend remains bullish, even if the 1.15 area holds the topside in the near-term”.
“EUR/CAD recover extends through resistance in the 1.42 range, may retest 1.4310 trend line”.
“AUD/CAD trades higher after minor bullish price signals earlier this week but gains should remain limited”.
“GBP/CAD firms, may see gains extend to 1.82”.
“CAD/JPY's daily reversal earlier in the week risks being followed up by a bearish weekly reversal”.
Key Quotes:
“USD/CAD shrugs off weak price action yesterday, comes back well bid to retest 1.15; the broader trend remains bullish, even if the 1.15 area holds the topside in the near-term”.
“EUR/CAD recover extends through resistance in the 1.42 range, may retest 1.4310 trend line”.
“AUD/CAD trades higher after minor bullish price signals earlier this week but gains should remain limited”.
“GBP/CAD firms, may see gains extend to 1.82”.
“CAD/JPY's daily reversal earlier in the week risks being followed up by a bearish weekly reversal”.