17 Dec 2014
CAD and crosses technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CAD and crosses in a technical snapshot.
Key Quotes:
“USD/CAD consolidates below a collection of resistance points in the upper 1.16s; the broader trend remains constructive though and dips are liable to remain shallow”.
“EUR/CAD stumbles at 200-day MA test, suggests a "false break" from range”.
“AUD/CAD retains a soft bias in choppy trade; we still look for weakness towards 0.92 ahead”.
“GBP/CAD's rally stalls against trend resistance”.
“CAD/JPY consolidates; trend momentum is negative but scope for gains improves above 101.25”.
Key Quotes:
“USD/CAD consolidates below a collection of resistance points in the upper 1.16s; the broader trend remains constructive though and dips are liable to remain shallow”.
“EUR/CAD stumbles at 200-day MA test, suggests a "false break" from range”.
“AUD/CAD retains a soft bias in choppy trade; we still look for weakness towards 0.92 ahead”.
“GBP/CAD's rally stalls against trend resistance”.
“CAD/JPY consolidates; trend momentum is negative but scope for gains improves above 101.25”.