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10 Apr 2015
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's slide supported in the upper 1.25s intraday but price action looks soft on the short-term charts and near-term risks (at least) are geared towards renewed weakness."
"EUR/CAD is progressing towards our short-term 1.33 target; a soft close on the week is negative from a broader perspective as well."
"AUD/CAD's rally stalled near 0.97 yesterday, as expected; we look for more consolidation now."
"GBP/CAD retains a weak undertone; new lows today keep the cross on track for a drop to the 1.83 area."
"CAD/JPY's mid-week rejection of the recent range high means a drop back to the range base (low 94s) should follow."
Key Quotes:
"USD/CAD's slide supported in the upper 1.25s intraday but price action looks soft on the short-term charts and near-term risks (at least) are geared towards renewed weakness."
"EUR/CAD is progressing towards our short-term 1.33 target; a soft close on the week is negative from a broader perspective as well."
"AUD/CAD's rally stalled near 0.97 yesterday, as expected; we look for more consolidation now."
"GBP/CAD retains a weak undertone; new lows today keep the cross on track for a drop to the 1.83 area."
"CAD/JPY's mid-week rejection of the recent range high means a drop back to the range base (low 94s) should follow."