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4 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 trades softly intraday but price signals last week were positive from a short and medium-term perspective; we look for limited downside from here and rather feel risks are tilting higher for USD/CAD once again."
"EUR/CAD looks in better shape after steady accumulation through April; look for support on dips to the 1.33 area."
"AUD/CAD retains a soft undertone; look for pressure on support in the 0.9390/00 region."
"GBP/CAD retests support in the 1.83 area."
"CAD/JPY grinds higher".
"NZD/CAD pressures retracement and 200-day MA support."
Key Quotes:
"USD/CAD trades softly intraday but price signals last week were positive from a short and medium-term perspective; we look for limited downside from here and rather feel risks are tilting higher for USD/CAD once again."
"EUR/CAD looks in better shape after steady accumulation through April; look for support on dips to the 1.33 area."
"AUD/CAD retains a soft undertone; look for pressure on support in the 0.9390/00 region."
"GBP/CAD retests support in the 1.83 area."
"CAD/JPY grinds higher".
"NZD/CAD pressures retracement and 200-day MA support."