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15 Dec 2014
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot look into the CAD and crosses technically.
Key Quotes:
“USD/CAD tests short-term resistance in the low 1.16s, strong underlying USD-bull trend suggests continue pressure topside and limited corrective potential for the moment”.
“EUR/CAD rebound suggests the 9-month bear trend is moderating; more bullish above 1.45 now”.
“AUD/CAD retains a weak bias”.
“GBP/CAD's rally stalls and turns lower from the upper end of the current range”.
“CAD/JPY's correction extends towards the upper 99 area”.
Key Quotes:
“USD/CAD tests short-term resistance in the low 1.16s, strong underlying USD-bull trend suggests continue pressure topside and limited corrective potential for the moment”.
“EUR/CAD rebound suggests the 9-month bear trend is moderating; more bullish above 1.45 now”.
“AUD/CAD retains a weak bias”.
“GBP/CAD's rally stalls and turns lower from the upper end of the current range”.
“CAD/JPY's correction extends towards the upper 99 area”.