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21 Apr 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the Canadian dollar in a technical snapshot and key crosses.
Key Quotes:
"USD/CAD corrects but short-term trend studies are negative and we think last week's break under 1.2360 support targets the low 1.19s. Look to fade USD rallies."
"EUR/CAD's rebound stalls, reflecting the deeply entrenched bear trend; we look for sub-1.30 levels shortly."
"AUD/CAD rebound after heavy losses Monday is a minor gap-filling exercise; we remain bearish from a technical point of view but look for a break under 0.94 to confirm."
"GBP/CAD's corrective slide may be slowing around long-term support."
"CADJPY's rally stalls and may dip back to 96.40/50."
Key Quotes:
"USD/CAD corrects but short-term trend studies are negative and we think last week's break under 1.2360 support targets the low 1.19s. Look to fade USD rallies."
"EUR/CAD's rebound stalls, reflecting the deeply entrenched bear trend; we look for sub-1.30 levels shortly."
"AUD/CAD rebound after heavy losses Monday is a minor gap-filling exercise; we remain bearish from a technical point of view but look for a break under 0.94 to confirm."
"GBP/CAD's corrective slide may be slowing around long-term support."
"CADJPY's rally stalls and may dip back to 96.40/50."