25 Mar 2015
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical picture of the Canadian dollar and crosses.
Key Quotes:
"USD/CAD consolidates between 1.2450/1.2550 short-term; longer-term price signals are unequivocally negative – look to fade USD gains."
"EUR/CAD rebound stalls right against the base of the former range."
"AUD/CAD rally should extend, but preferably sooner rather than later."
"GBP/CAD catches a small bid but the broader trend remains negative."
"CAD/JPY continues to flat-line."
Key Quotes:
"USD/CAD consolidates between 1.2450/1.2550 short-term; longer-term price signals are unequivocally negative – look to fade USD gains."
"EUR/CAD rebound stalls right against the base of the former range."
"AUD/CAD rally should extend, but preferably sooner rather than later."
"GBP/CAD catches a small bid but the broader trend remains negative."
"CAD/JPY continues to flat-line."