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19 Nov 2014
CAD and crosses in a technical snapshot - TDS
FXStreet (Barcelona) - Analysts at TD Securities gave us a technical snapshot of the Canadian dollar and crosses.
Key Quotes:
“USD/CAD tests the upper end of the trading range; break higher expected – just not yet”.
“EUR/CAD pushes above resistance in the low 1.42 area but the broader trend lower remains intact – look to fade gains”.
“AUD/CAD weakness reflects accumulation of bearish price signals recently as the market tested and failed against resistance in the mid/upper 0.969 area”.
“GBP/CAD bounces – just as the market started getting comfortable with the idea of more weakness”.
“CAD/JPY continues to pressure resistance in the high 103s; scope for corrective weakness is limited”.
Key Quotes:
“USD/CAD tests the upper end of the trading range; break higher expected – just not yet”.
“EUR/CAD pushes above resistance in the low 1.42 area but the broader trend lower remains intact – look to fade gains”.
“AUD/CAD weakness reflects accumulation of bearish price signals recently as the market tested and failed against resistance in the mid/upper 0.969 area”.
“GBP/CAD bounces – just as the market started getting comfortable with the idea of more weakness”.
“CAD/JPY continues to pressure resistance in the high 103s; scope for corrective weakness is limited”.