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28 May 2015
CAD in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar in a technical snapshot and subsequent key crosses.
Key Quotes:
"USD/CAD's bull trend extends; look for 1.26 near-term. Buy modest dips – they won't be very deep."
"EUR/CAD is range-bound but price action remains potentially constructive for the EUR."
"AUD/CAD trades heavily after stumbling in the mid 0.97 area last week."
"GBP/CAD reaches our short-term bull target; we think 2.00/2.02 is reachable from here."
"CAD/JPY can't hold gains around 100 but the short-term technical trend remains positive- for now."
"NZD/CAD trades heavily again as 0.91 area caps rebound; sharp declines to 0.86 (and below) are the risk here."
Key Quotes:
"USD/CAD's bull trend extends; look for 1.26 near-term. Buy modest dips – they won't be very deep."
"EUR/CAD is range-bound but price action remains potentially constructive for the EUR."
"AUD/CAD trades heavily after stumbling in the mid 0.97 area last week."
"GBP/CAD reaches our short-term bull target; we think 2.00/2.02 is reachable from here."
"CAD/JPY can't hold gains around 100 but the short-term technical trend remains positive- for now."
"NZD/CAD trades heavily again as 0.91 area caps rebound; sharp declines to 0.86 (and below) are the risk here."