12 Feb 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the Canadian dollar in a technical snapshot along with CAD crosses.
Key Quotes:
"USD/CAD trades softly but underlying trend dynamics remain constructive and we remain positive of the broader outlook for the USD; short-term weakness in funds remains a buy."
"EUR/CAD drifts back from the 200-day MA; upside potential here remains very limited."
"AUD/CAD slides below 40-day MA; we continue to look for recent weakness to extend towards 0.94."
"GBP/CAD trades heavily on the day but the broader trend remains bullish."
"CAD/JPY's recovery remains stalled."
Key Quotes:
"USD/CAD trades softly but underlying trend dynamics remain constructive and we remain positive of the broader outlook for the USD; short-term weakness in funds remains a buy."
"EUR/CAD drifts back from the 200-day MA; upside potential here remains very limited."
"AUD/CAD slides below 40-day MA; we continue to look for recent weakness to extend towards 0.94."
"GBP/CAD trades heavily on the day but the broader trend remains bullish."
"CAD/JPY's recovery remains stalled."