6 Oct 2014
CAD and crosses in a snap-shot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a technical snap-shot at the Canadian dollar and it’s primary crosses.
Key Quotes:
“USD/CAD trades heavily intraday, may pressure supports in the low 1.11s; longer-term technical trends remains bullish, however”.
“EUR/CAD's trend lower remains intact but support in the 1.40 area may slow decline”.
“AUD/CAD continues to attract support on weakness, may squeeze a little higher”.
“GBPCAD retains a soft undertone”.
“CAD/JPY's sell off steadies but should struggle to regain 97.70+ in the near-term”.
Key Quotes:
“USD/CAD trades heavily intraday, may pressure supports in the low 1.11s; longer-term technical trends remains bullish, however”.
“EUR/CAD's trend lower remains intact but support in the 1.40 area may slow decline”.
“AUD/CAD continues to attract support on weakness, may squeeze a little higher”.
“GBPCAD retains a soft undertone”.
“CAD/JPY's sell off steadies but should struggle to regain 97.70+ in the near-term”.