24 Mar 2015
Canadian dollar in a tecnical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the Canadian dollar and crosses in a snapshot.
Key Quotes:
"Choppy trade in USD/CAD pressures short-term resistance in the low 1.25s; short-term technical pointers remain bearish though and favour a push under 1.2450 and a test of key support at 1.2360/65."
"EUR/CAD's recovery extends but "clean" break higher not yet apparent."
"AUD/CAD makes more obvious progress and gains should extend towards par."
"GBP/CAD weakness below 1.8650 opens the door for a retest of 1.83."
"CAD/JPY remains flat in a sideways range."
Key Quotes:
"Choppy trade in USD/CAD pressures short-term resistance in the low 1.25s; short-term technical pointers remain bearish though and favour a push under 1.2450 and a test of key support at 1.2360/65."
"EUR/CAD's recovery extends but "clean" break higher not yet apparent."
"AUD/CAD makes more obvious progress and gains should extend towards par."
"GBP/CAD weakness below 1.8650 opens the door for a retest of 1.83."
"CAD/JPY remains flat in a sideways range."