USD/CAD testing minor resistance - TDS

FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot of the CAD and crosses with USD/CAD testing minor resistance.

Key Quotes:

“USD/CAD tests minor resistance at 1.0745/50, needs to trade through resistance in the high 1.07/low 108 range to rally through”.

“EUR/CAD consolidates, may range trade a little more; longer-term price signals suggest the trend decline has stalled and may turn”.

“AUD/CAD can't break above 1.01 still but is well-supported on weakness. GBP/CAD remains range bond”.

“CADJPY fails to hold trend support break but retains a heavy undertone”.