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27 Apr 2015
Canadian dollar and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the technical conditions surrounding the Canadian dollar and crosses in a snapshot.
Key Quotes:
"USD/CAD retains a soft undertone; we continue to target a drop to the low 1.19 area."
"EUR/CAD has consolidated early April weakness recently; we think risks remain geared to the downside; look to fade rallies."
"AUD/CAD may range trade between 0.94/0.96 for now but we think the bias remains lower."
"GBP/CAD bounces right on scheduled break out retest; we are now bullish."
"CAD/JPY nears resistance around 99 but should extend higher."
"NZD/CAD's recent turn lower looks ominous on the long-term chart."
Key Quotes:
"USD/CAD retains a soft undertone; we continue to target a drop to the low 1.19 area."
"EUR/CAD has consolidated early April weakness recently; we think risks remain geared to the downside; look to fade rallies."
"AUD/CAD may range trade between 0.94/0.96 for now but we think the bias remains lower."
"GBP/CAD bounces right on scheduled break out retest; we are now bullish."
"CAD/JPY nears resistance around 99 but should extend higher."
"NZD/CAD's recent turn lower looks ominous on the long-term chart."