9 Oct 2014
CAD and crosses in a snapshot - TDS
FXStreet (Barcelona) - Analysts at TD Securities explained the technical conditions in a snapshot around the Canadian dollar and crosses.
Key Quotes:
“USD/CAD retains a negative technical undertone; daily and – potentially – weekly price action signal an important top in the upper 1.12 area (again); we think technical risks are geared towards a drop back to 1.0950/1.10”.
“EUR/CAD struggles to improve above 1.42”.
“AUD/CAD remains capped below 0.09860 resistance but risks remain geared to the upside near-term”.
“GBP/CAD continue to range trade”.
“CAD/JPY's recovery Wednesday may signal modest recovery potential but we think the broader bias is lower while 97.70 resistance holds”.
Key Quotes:
“USD/CAD retains a negative technical undertone; daily and – potentially – weekly price action signal an important top in the upper 1.12 area (again); we think technical risks are geared towards a drop back to 1.0950/1.10”.
“EUR/CAD struggles to improve above 1.42”.
“AUD/CAD remains capped below 0.09860 resistance but risks remain geared to the upside near-term”.
“GBP/CAD continue to range trade”.
“CAD/JPY's recovery Wednesday may signal modest recovery potential but we think the broader bias is lower while 97.70 resistance holds”.