CAD in a technical snapshot – TDS

FXStreet (Guatemala) – Analysts at TD Securities offered the Canadian dollar in a technical snapshot and subsequent key crosses.

Key Quotes:

USD/CAD‘s bull trend extends; look for 1.26 near-term. Buy modest dips – they won’t be very deep.”

“EUR/CAD is range-bound but price action remains potentially constructive for the EUR.”

“AUD/CAD trades heavily after stumbling in the mid 0.97 area last week.”

“GBP/CAD reaches our short-term bull target; we think 2.00/2.02 is reachable from here.”

“CAD/JPY can’t hold gains around 100 but the short-term technical trend remains positive- for now.”

“NZD/CAD trades heavily again as 0.91 area caps rebound; sharp declines to 0.86 (and below) are the risk here.”

Analysts at TD Securities offered the Canadian dollar in a technical snapshot and subsequent key crosses.

(Market News Provided by FXstreet)