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26 Feb 2015
CAD and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CAD and cross in a technical snapshot.
Key Quotes:
"USD/CAD rebound from support in the upper 1.23s may extend near-term but gains may be limited to the low/mid 1.26 area for now."
"EUR/CAD breaks short-term support and the February consolidation base; losses this week are poised to extend below 1.39."
"AUD/CAD retains a weak bias but needs to crack the 40-day MA to extend lower."
"GBP/CAD remains prone to short-term, corrective weakness."
"CAD/JPY is stuck in a range."
Key Quotes:
"USD/CAD rebound from support in the upper 1.23s may extend near-term but gains may be limited to the low/mid 1.26 area for now."
"EUR/CAD breaks short-term support and the February consolidation base; losses this week are poised to extend below 1.39."
"AUD/CAD retains a weak bias but needs to crack the 40-day MA to extend lower."
"GBP/CAD remains prone to short-term, corrective weakness."
"CAD/JPY is stuck in a range."