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14 Apr 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's push under 1.2564 support reaches 1.24178 target in quick order; undertone remains soft, putting a retest of 1.24 on the radar."
EUR/CAD steadies, may bounce modestly, but underlying trend momentum remains negative."
"AUD/CAD slides back towards 0.9400/50."
"GBP/CAD bear trend steadies but residual downside risks remain."
"CAD/JPY remains range-bound – and showing little intention of moving decisively either way."
Key Quotes:
"USD/CAD's push under 1.2564 support reaches 1.24178 target in quick order; undertone remains soft, putting a retest of 1.24 on the radar."
EUR/CAD steadies, may bounce modestly, but underlying trend momentum remains negative."
"AUD/CAD slides back towards 0.9400/50."
"GBP/CAD bear trend steadies but residual downside risks remain."
"CAD/JPY remains range-bound – and showing little intention of moving decisively either way."