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26 Jun 2015
CAD and crosses in technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.
Key Quotes:
"USD/CAD drops from resistance in the upper 1.23s again but the broader, technical picture remains constructive.
EUR/CAD is pressuring key support at 1.3760/00.
AUD/CAD's slide from the 0.96 area reinforces short-term range trading and longer term bearishness.
GBP/CAD remains well supported on minor dips; technical structure of this market is solid and we remain bullish.
CAD/JPY remains range bound.
NZD/CAD bounce stalls right on cue; longer-term technical picture is very negative."
Key Quotes:
"USD/CAD drops from resistance in the upper 1.23s again but the broader, technical picture remains constructive.
EUR/CAD is pressuring key support at 1.3760/00.
AUD/CAD's slide from the 0.96 area reinforces short-term range trading and longer term bearishness.
GBP/CAD remains well supported on minor dips; technical structure of this market is solid and we remain bullish.
CAD/JPY remains range bound.
NZD/CAD bounce stalls right on cue; longer-term technical picture is very negative."