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12 Nov 2014
CAD and crosses in a technical snapshot – TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a snapshot of the Canadian dollar and crosses from a technical perspective.
Key Quotes:
“USD/CAD retains a soft technical bias in the short-term; potential may extend to a retest of the low 1.12 area”.
“EUR/CAD pressures the lower end of the recent trading range; unclear that we get a break lower soon, however”.
“AUD/CAD recovers from last Wednesdays sharp drop – gains should peter out soon”.
“GBP/CAD tests range base support in the upper 1.78”.
“CAD/JPY nears our 103 target; look for modest pullbacks only for now”.
Key Quotes:
“USD/CAD retains a soft technical bias in the short-term; potential may extend to a retest of the low 1.12 area”.
“EUR/CAD pressures the lower end of the recent trading range; unclear that we get a break lower soon, however”.
“AUD/CAD recovers from last Wednesdays sharp drop – gains should peter out soon”.
“GBP/CAD tests range base support in the upper 1.78”.
“CAD/JPY nears our 103 target; look for modest pullbacks only for now”.