19 Jun 2015
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered a technical snap shot in the Canadian dollar and crosses.
Key Quotes:
"USD/CAD pressures short-term resistance in the upper 1.22s; price action suggests an important low may be in."
"EUR/CAD is stuck in a range between 1.38/1.40."
"AUD/CAD balks at testing 0.94 support."
"GBP/CAD close to making new, bull cycle high; we continue to target 2.00/2.02 ahead."
"CAD/JPY's rally stalls; short-term downside risks rise below 99.45/50."
"NZD/CAD's slide steadies but the broader bear trend remains intact and we see little potential for a significant rebound at this point; sell minor rallies."
Key Quotes:
"USD/CAD pressures short-term resistance in the upper 1.22s; price action suggests an important low may be in."
"EUR/CAD is stuck in a range between 1.38/1.40."
"AUD/CAD balks at testing 0.94 support."
"GBP/CAD close to making new, bull cycle high; we continue to target 2.00/2.02 ahead."
"CAD/JPY's rally stalls; short-term downside risks rise below 99.45/50."
"NZD/CAD's slide steadies but the broader bear trend remains intact and we see little potential for a significant rebound at this point; sell minor rallies."