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12 Dec 2014
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a snapshot technical view at the CAD and its crosses.
Key Quotes:
“USD/CAD is closing the week in a very strong technical position at new cycle highs and well-supported by bullishly aligned trend momentum studies; downside potential is limited and a move to our long-held 1.16/1.18 bull target range is imminent – just not today.
“EUR/CAD's turn up this week may be challenging or reversing the 2014 bear trend”.
“AUD/CAD remains capped but above 0.9590 should allow for a retest of 0.9700/10 near-term”.
“GBP/CAD struggles to hold gains towards 1.82, broader range trade holds”.
“CAD/JPY's daily, weekly reversal targets a drop back to the99 area”.
Key Quotes:
“USD/CAD is closing the week in a very strong technical position at new cycle highs and well-supported by bullishly aligned trend momentum studies; downside potential is limited and a move to our long-held 1.16/1.18 bull target range is imminent – just not today.
“EUR/CAD's turn up this week may be challenging or reversing the 2014 bear trend”.
“AUD/CAD remains capped but above 0.9590 should allow for a retest of 0.9700/10 near-term”.
“GBP/CAD struggles to hold gains towards 1.82, broader range trade holds”.
“CAD/JPY's daily, weekly reversal targets a drop back to the99 area”.