Technical outlooks for the CAD - TDS

FXStreet (Guatemala) - Analysts at TD Securities give us a snap shot at the CAD’s outlook and it’s crosses.

Key Quotes:

“USD/CAD secures break higher from a bull wedge pattern; we target 1.09 in the next 1-2 weeks and see firm support in the low 1.07s now”.

“EUR/CAD's sell-off stabilizes in the short run but broader directional risks are unclear from here”.

“AUD/CAD continues to pressure channel resistance in the mid 1.01 area – technicals are positive but seasonals are not”.

“GBP/CAD recovers to test the 40-day MA again”.

“CAD/JPY turns lower again and will test key support around 94”.