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29 May 2015
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar in a technical snapshot.
Key Quotes:
"USD/CAD stalls at 1.2525, may consolidate short-term but losses should be limited. Below 1.2390/00 triggers weakness to 1.2300/10 early next week though."
"EUR/CAD remains underpinned but the market is capped at 1.3760/65 still."
"AUD/CAD retests trend break; bias is lower but conviction is low."
"GBP/CAD profit-taking slows gains; corrective potential is limited and the underlying trend positive still (for 2.00/2.02)."
"CAD/JPY moves further sideways."
"NZD/CAD breakdown keep focus on a test of major support at 0.8620".
Key Quotes:
"USD/CAD stalls at 1.2525, may consolidate short-term but losses should be limited. Below 1.2390/00 triggers weakness to 1.2300/10 early next week though."
"EUR/CAD remains underpinned but the market is capped at 1.3760/65 still."
"AUD/CAD retests trend break; bias is lower but conviction is low."
"GBP/CAD profit-taking slows gains; corrective potential is limited and the underlying trend positive still (for 2.00/2.02)."
"CAD/JPY moves further sideways."
"NZD/CAD breakdown keep focus on a test of major support at 0.8620".