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22 Jan 2015
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot technical analyses of the Canadian dollar and crosses.
Key Quotes:
"USD/CAD consolidates and may have some back and filling to do after yesterday's surge but weakness is likely to be short-lived and the longer-term trend remains firmly higher."
"There is still a lot of mileage in USD/CAD long positions."
"EUR/CAD is choppy but range bound."
"AUD/CAD consolidates but overall price action remains constructive."
"GBP/CAD's rally stumbles today but the bull break out remains intact."
"CAD/JPY price action suggests a short-term bounce may be developing."
Key Quotes:
"USD/CAD consolidates and may have some back and filling to do after yesterday's surge but weakness is likely to be short-lived and the longer-term trend remains firmly higher."
"There is still a lot of mileage in USD/CAD long positions."
"EUR/CAD is choppy but range bound."
"AUD/CAD consolidates but overall price action remains constructive."
"GBP/CAD's rally stumbles today but the bull break out remains intact."
"CAD/JPY price action suggests a short-term bounce may be developing."