4 Mar 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave the CAD and crosses in a technical snapshot.
Key Quotes:
"USD/CAD eases on the short-term charts, should test key support in the upper 1.23 area shortly."
"EUR/CAD trades to a marginal new cycle low, keeping the focus on the downside (for an eventual move to 1.32/1.35)."
"AUD/CAD chops around the 40-day MA but also looks poised to soften."
"GBP/CAD's rally has stalled and corrective pressures may extend to the mid 1.86s."
"CAD/JPY retests the February high; bullish above 96.50."
Key Quotes:
"USD/CAD eases on the short-term charts, should test key support in the upper 1.23 area shortly."
"EUR/CAD trades to a marginal new cycle low, keeping the focus on the downside (for an eventual move to 1.32/1.35)."
"AUD/CAD chops around the 40-day MA but also looks poised to soften."
"GBP/CAD's rally has stalled and corrective pressures may extend to the mid 1.86s."
"CAD/JPY retests the February high; bullish above 96.50."