30 Jan 2015
Canadian dollar and cross in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical analyses in the Canadian dollar.
Key Quotes:
"USD/CAD> drops back from early highs but we look for firm support on dips to the upper 1.26s area."
"EUR/CAD tests a major resistance zone around 1.45; we continue to favour range trading here."
"AUD/CAD chops around resistance in the low 0.99 area."
"GBP/CAD reaches our s/t bull target – higher levels are still on the cards."
"CAD/JPY extends below support in the high 92s – look for more weakness towards 90.50. "
Key Quotes:
"USD/CAD> drops back from early highs but we look for firm support on dips to the upper 1.26s area."
"EUR/CAD tests a major resistance zone around 1.45; we continue to favour range trading here."
"AUD/CAD chops around resistance in the low 0.99 area."
"GBP/CAD reaches our s/t bull target – higher levels are still on the cards."
"CAD/JPY extends below support in the high 92s – look for more weakness towards 90.50. "