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8 May 2015
Canadian dollar 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 trades in choppy fashion but bias remains higher."
"EUR/CAD capped below 1.3760 resistance."
"AUD/CAD has a shot at strengthening but is still struggling for momentum."
"GBP/CAD shows positive price reaction to test of major support – we look for more gains here medium term."
"CAD/JPY's stall under 100 persists."
"NZD/CAD reverses from retracement support and may extend higher in the short-term; longer-term techs are bearish."
Key Quotes:
"USD/CAD trades in choppy fashion but bias remains higher."
"EUR/CAD capped below 1.3760 resistance."
"AUD/CAD has a shot at strengthening but is still struggling for momentum."
"GBP/CAD shows positive price reaction to test of major support – we look for more gains here medium term."
"CAD/JPY's stall under 100 persists."
"NZD/CAD reverses from retracement support and may extend higher in the short-term; longer-term techs are bearish."