22 Dec 2014
A selection in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered a selection of highlights in majors and crosses in a technical snapshot.
Key Quotes:
Long-term charts underscore a zone of support for EUR/USD between 1.21/1.22 but short-term bearish arguments are compelling and compromising support will imply more downside for the EUR through the coming year.
"GBP/AUD is on the cusp of a broader push higher to further reverse the 2008/2013 drop".
USD/CHF's long-term chart underscores the building upside pressure on the USD".
"NZD/CAD is poised to weaken further after setting a multi-year high earlier this year close to previous major peaks".
Key Quotes:
Long-term charts underscore a zone of support for EUR/USD between 1.21/1.22 but short-term bearish arguments are compelling and compromising support will imply more downside for the EUR through the coming year.
"GBP/AUD is on the cusp of a broader push higher to further reverse the 2008/2013 drop".
USD/CHF's long-term chart underscores the building upside pressure on the USD".
"NZD/CAD is poised to weaken further after setting a multi-year high earlier this year close to previous major peaks".