23 Dec 2014
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.
Key Quotes:
“USD/CAD tests consolidation ceiling but new highs may have to wait a little longer – a January break out could see the USD rally sharply”.
“EUR/CAD is liable to range trade for a while longer after failing to sustain recent breaks in either direction”.
“AUD/CAD edges to fresh cycle lows just under 0.94; we continue to target 0.92”.
“GBP/CAD is back in the old trading range, for now”.
“CAD/JPY's rally stalls at retracement resistance – for now”.
Key Quotes:
“USD/CAD tests consolidation ceiling but new highs may have to wait a little longer – a January break out could see the USD rally sharply”.
“EUR/CAD is liable to range trade for a while longer after failing to sustain recent breaks in either direction”.
“AUD/CAD edges to fresh cycle lows just under 0.94; we continue to target 0.92”.
“GBP/CAD is back in the old trading range, for now”.
“CAD/JPY's rally stalls at retracement resistance – for now”.