12 Jun 2015
CAD crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar in a technical snapshot.
Key Quotes:
"USD/CAD short-term signals are mixed but funds should soften a little more below 1.23 and would have another shot at sub-1.22 levels below 1.2270."
"EUR/CAD trades softly without losing that much ground; 1.3760/00 remains important support."
"AUD/CAD turns choppy at the low and of the range – sometimes a warning of a reversal; broader trends remain distinctly negative though."
"GBP/CAD rallies, as expected; gains above 1.9225 will bolster the rally."
"CAD/JPY remains tightly range bound."
"NZD/CAD looks in technical trouble across a range of timeframes; note 200-week MA under pressure today as well."
Key Quotes:
"USD/CAD short-term signals are mixed but funds should soften a little more below 1.23 and would have another shot at sub-1.22 levels below 1.2270."
"EUR/CAD trades softly without losing that much ground; 1.3760/00 remains important support."
"AUD/CAD turns choppy at the low and of the range – sometimes a warning of a reversal; broader trends remain distinctly negative though."
"GBP/CAD rallies, as expected; gains above 1.9225 will bolster the rally."
"CAD/JPY remains tightly range bound."
"NZD/CAD looks in technical trouble across a range of timeframes; note 200-week MA under pressure today as well."