18 Feb 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CAD and crosses in a technical snapshot.
Key Quotes:
"USD/CAD firms intraday but undertone remains geared towards consolidation; we still think spot sees lower levels in the next few weeks."
"EUR/CAD is trading narrowly in a tight, directionless range."
"AUD/CAD steadies around the 40-day MA but the technical bias remains lower."
"GBP/CAD bounces from support; we look for gains through the mid 1.91 area to hold and extend."
"CAD/JPY stumbles around noted retracement resistance but may yet push higher towards 98/99."
Key Quotes:
"USD/CAD firms intraday but undertone remains geared towards consolidation; we still think spot sees lower levels in the next few weeks."
"EUR/CAD is trading narrowly in a tight, directionless range."
"AUD/CAD steadies around the 40-day MA but the technical bias remains lower."
"GBP/CAD bounces from support; we look for gains through the mid 1.91 area to hold and extend."
"CAD/JPY stumbles around noted retracement resistance but may yet push higher towards 98/99."