1 May 2015
Candian dollar and crosses in a techncial snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.
Key Quotes:
"USD/CAD rebound extends; positive technical signals imply an important short-term (at least) low is in."
"EUR/CAD's gains this week have entailed a change in views; look for a retest of 1.38/1.39 now."
"AUD/CAD remains choppy but looks to have rejected levels above 0.96 again."
"GBP/CAD gains have been capped by the 40-day MA this week but we continue to think longer-term signals are positive."
"CAD/JPY's stalled rally needs to start making progress again – soon."
"NZD/CAD's longer-term chart signals highlight building medium-term downside risks.
Key Quotes:
"USD/CAD rebound extends; positive technical signals imply an important short-term (at least) low is in."
"EUR/CAD's gains this week have entailed a change in views; look for a retest of 1.38/1.39 now."
"AUD/CAD remains choppy but looks to have rejected levels above 0.96 again."
"GBP/CAD gains have been capped by the 40-day MA this week but we continue to think longer-term signals are positive."
"CAD/JPY's stalled rally needs to start making progress again – soon."
"NZD/CAD's longer-term chart signals highlight building medium-term downside risks.