7 May 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.
Key Quotes:
"USD/CAD rejects sub-1.20 levels again; strong rebound will accelerate above 1.22 towards 1.2450."
"EUR/CAD rise stumbles around 1.3760 but near our short-term objective; broader patterns are still positive."
"AUD/CAD nudges higher and pressure for a move higher is building; (our) conviction here is low, however."
"GBP/CAD firms for a third, consecutive session; we continue to see firm support in the mid 1.82 and think broader risks are geared higher."
"CAD/JPY slides back sharply after stalling around 100."
"NZD/CAD consolidates – likely only a pause ahead of another push lower."
Key Quotes:
"USD/CAD rejects sub-1.20 levels again; strong rebound will accelerate above 1.22 towards 1.2450."
"EUR/CAD rise stumbles around 1.3760 but near our short-term objective; broader patterns are still positive."
"AUD/CAD nudges higher and pressure for a move higher is building; (our) conviction here is low, however."
"GBP/CAD firms for a third, consecutive session; we continue to see firm support in the mid 1.82 and think broader risks are geared higher."
"CAD/JPY slides back sharply after stalling around 100."
"NZD/CAD consolidates – likely only a pause ahead of another push lower."