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25 Feb 2015
CAD in technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained the Canadian dollar and crosses in a technical snapshot.
Key Quotes:
"USD/CAD's sell-off steadies but recovery potential is very limited near-term and the weak underlying technical tone puts 1.2360 support at risk."
"EUR/CAD rejects (strongly) the 200-day MA."
"AUD/CAD stumbles against minor resistance, suggests more range trade."
"GBP/CAD eases back, may edge lower still below 1.9245/55 short-term support."
"CAD/JPY pushes up but looks technically range bound."
Key Quotes:
"USD/CAD's sell-off steadies but recovery potential is very limited near-term and the weak underlying technical tone puts 1.2360 support at risk."
"EUR/CAD rejects (strongly) the 200-day MA."
"AUD/CAD stumbles against minor resistance, suggests more range trade."
"GBP/CAD eases back, may edge lower still below 1.9245/55 short-term support."
"CAD/JPY pushes up but looks technically range bound."