CAD and crosses in technical snapshot - TDS

FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical picture of the Canadian dollar and the crosses.

Key Quotes:

“USD/CAD consolidates below resistance in the upper 1.16s; look for firm support on dips, however, as the broader bull trend remains strong”.

“EUR/CAD gains through the 1.45 area suggest more strength ahead, alleviates near-to-medium term downside risks”.

“AUD/CAD pushes a little higher again but caution remains warranted here”.

“GBP/CAD makes a crucial break higher – 1.90 is back on radar if the double bottom trigger break holds”.

“CAD/JPY overshoots our bear target but then steadies”.