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7 Aug 2014
CAD Technical Outlook – TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot of the CAD and crosses on a technical basis.
Key Quotes:
"USD/CAD pressures support in the low 1.09 area, may retest mid 1.08 but broader trend remains constructive".
"EUR/CAD trades heavily after break out above 1.4650 fails".
"AUD/CAD falls sharply intraday, may weaken more in m/t".
"GBP/CAD is back in the range".
"CAD/JPY picks up more support after yesterday's reversal; look for resistance around 94".
Key Quotes:
"USD/CAD pressures support in the low 1.09 area, may retest mid 1.08 but broader trend remains constructive".
"EUR/CAD trades heavily after break out above 1.4650 fails".
"AUD/CAD falls sharply intraday, may weaken more in m/t".
"GBP/CAD is back in the range".
"CAD/JPY picks up more support after yesterday's reversal; look for resistance around 94".