30 Apr 2015
Canadian dollar 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 rebound from below 1.20 is poised to extend; gains through 1.21 should put funds on track to recover towards 1.23 near-term."
"EUR/CAD strength has extended more than we expected so we are going back to the drawing board here; EUR/CAD may test 1.37/1.38."
"AUD/CAD retains a hoppy and directionless undertone."
"There are a lot of technical positives for GBP/CAD currently; look for the GBP to strengthen more above 1.8625."
"CAD/JPY's rally has stalled for the moment but the underlying trend remains constructive."
"NZD/CAD's longer-term technical signals are negative; look to fade short-term gains."
Key Quotes:
"USD/CAD's rebound from below 1.20 is poised to extend; gains through 1.21 should put funds on track to recover towards 1.23 near-term."
"EUR/CAD strength has extended more than we expected so we are going back to the drawing board here; EUR/CAD may test 1.37/1.38."
"AUD/CAD retains a hoppy and directionless undertone."
"There are a lot of technical positives for GBP/CAD currently; look for the GBP to strengthen more above 1.8625."
"CAD/JPY's rally has stalled for the moment but the underlying trend remains constructive."
"NZD/CAD's longer-term technical signals are negative; look to fade short-term gains."