29 Aug 2014
Canadian crosses in a snap shot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot at the end of the week for the Canadian dollar and crosses.
Key Quotes
“USD/CAD's weak technical bias extends; we think losses may extend to the low 1.07s in the next 2-4 weeks”.
“EUR/CAD's downtrend persists; a poor weekly close implies strengthening downside pressure”.
“AUD/CAD slips lower, downside risks increase below the 40-day MA”.
“GBP/CAD pressures support below 1.80”.
“Little in the way of CAD/JPY's return to 96.20/25”.
Key Quotes
“USD/CAD's weak technical bias extends; we think losses may extend to the low 1.07s in the next 2-4 weeks”.
“EUR/CAD's downtrend persists; a poor weekly close implies strengthening downside pressure”.
“AUD/CAD slips lower, downside risks increase below the 40-day MA”.
“GBP/CAD pressures support below 1.80”.
“Little in the way of CAD/JPY's return to 96.20/25”.