21 Jan 2015
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a technical snap shot at the Canadian dollar and crosses.
Key Quotes:
"Choppy price action in USD/CAD may entail some short-term back an filling of today's moves but downside potential is limited in the short-term and the broader, technical trend higher is pushing on towards 1.30."
"EUR/CAD is back in its old trading range and we are neutral for now."
"AUD/CAD rally extends above 0.9975/1.00 resistance; look for more gains near-term."
"GBP/CAD is on the cusp of a major break higher."
"CAD/JPY retreats and will continue to trade defensively from here."
Key Quotes:
"Choppy price action in USD/CAD may entail some short-term back an filling of today's moves but downside potential is limited in the short-term and the broader, technical trend higher is pushing on towards 1.30."
"EUR/CAD is back in its old trading range and we are neutral for now."
"AUD/CAD rally extends above 0.9975/1.00 resistance; look for more gains near-term."
"GBP/CAD is on the cusp of a major break higher."
"CAD/JPY retreats and will continue to trade defensively from here."