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5 May 2015
Canadian dollar ina techncial snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.
Key quotes:
"USD/CAD retains a soft, short-term undertone; we think a major low/reversal was reached last week below 1.20, however, and prefer to look to buy into USD weakness."
"EUR/CAD consolidates after steady buying through late April; the next move should be yup – bullish above 1.3535 from here."
"AUD/CAD chop continues as earlier AUD gains stall against the 0.96 area; the broader bias remains lower."
"CAD/JPY tests 100 and keeps an attractive technical profile across a range of studies and timeframes; target 102/103 from here."
"NZD/CAD pressures 200-day MA/retracement support; stay bearish."
Key quotes:
"USD/CAD retains a soft, short-term undertone; we think a major low/reversal was reached last week below 1.20, however, and prefer to look to buy into USD weakness."
"EUR/CAD consolidates after steady buying through late April; the next move should be yup – bullish above 1.3535 from here."
"AUD/CAD chop continues as earlier AUD gains stall against the 0.96 area; the broader bias remains lower."
"CAD/JPY tests 100 and keeps an attractive technical profile across a range of studies and timeframes; target 102/103 from here."
"NZD/CAD pressures 200-day MA/retracement support; stay bearish."