9 Mar 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:
"Technical pointers suggest USD/CAD should really be doing better but the USD's struggle to push through the low 1.26s may be telling near-term."
"EUR/CAD traded poorly last week and Friday's close below the 200-week MA implies more softness ahead."
"AUD/CAD remains range-bound near-term but is biased lower whilst below 0.98."
"GBP/CAD's slide steadies, for now."
"CAD/JPY remains near the top of the recent range but needs to progress to keep the short-term trend positive."
Key Quotes:
"Technical pointers suggest USD/CAD should really be doing better but the USD's struggle to push through the low 1.26s may be telling near-term."
"EUR/CAD traded poorly last week and Friday's close below the 200-week MA implies more softness ahead."
"AUD/CAD remains range-bound near-term but is biased lower whilst below 0.98."
"GBP/CAD's slide steadies, for now."
"CAD/JPY remains near the top of the recent range but needs to progress to keep the short-term trend positive."