23 Mar 2015
Canadian dollar 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 reversal signals point to a test of the upper 1.23 area at least in the next 2-4 weeks.
EUR/CAD's rebound faces a major test between 1.37/1.38.
AUD/CAD's choppy, flat range does not lend itself to a high conviction view but gains may extend thought the low/mid 0.98.
GBP/CAD finds support at 1.8650 but remains in broader corrective mode.
CAD/JPY retains a flat profile in a well-established range.
Key Quotes:
USD/CAD reversal signals point to a test of the upper 1.23 area at least in the next 2-4 weeks.
EUR/CAD's rebound faces a major test between 1.37/1.38.
AUD/CAD's choppy, flat range does not lend itself to a high conviction view but gains may extend thought the low/mid 0.98.
GBP/CAD finds support at 1.8650 but remains in broader corrective mode.
CAD/JPY retains a flat profile in a well-established range.