9 Dec 2014
CAD and crosses technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a technical snapshot across the Canadian dollar and crosses, with CAD/JPY trading on a bearish outlook.
USD/CAD should remain well-supported on minor weakness – look to buy dips, the bull trend remains intact.
“EUR/CAD flashes mixed technical signals but lower levels are more likely from a medium-term point of view”.
“AUD/CAD recovers from early weakness but scope for gains is limited”.
“GBP/CAD is idling mid-range”.
“CAD/JPY consolidates recent gains; corrections should remain relatively small and we look for firm support on weakness to the 104 area”.
USD/CAD should remain well-supported on minor weakness – look to buy dips, the bull trend remains intact.
“EUR/CAD flashes mixed technical signals but lower levels are more likely from a medium-term point of view”.
“AUD/CAD recovers from early weakness but scope for gains is limited”.
“GBP/CAD is idling mid-range”.
“CAD/JPY consolidates recent gains; corrections should remain relatively small and we look for firm support on weakness to the 104 area”.