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23 Jan 2015
Canadian dollar and crosses in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical analyses on the Canadian dollar and crosses.
Key Quotes:
"USD/CAD's intraday drift may lift the risk of a short-term correction a little but we think the broader bull trend remains strong and look for firm support in 1.21/1.22 area."
"EUR/CAD's choppy moves reinforces the broader range trade in place in the past few months; we prefer to look to fade gains."
"AUD/CAD's failure to hold early week gains may be costly."
"GBP/CAD gains stall around the early 2014 peak but broader bull signals remain intact."
"No bounce in CAD/JPY; trades heavily still."
Key Quotes:
"USD/CAD's intraday drift may lift the risk of a short-term correction a little but we think the broader bull trend remains strong and look for firm support in 1.21/1.22 area."
"EUR/CAD's choppy moves reinforces the broader range trade in place in the past few months; we prefer to look to fade gains."
"AUD/CAD's failure to hold early week gains may be costly."
"GBP/CAD gains stall around the early 2014 peak but broader bull signals remain intact."
"No bounce in CAD/JPY; trades heavily still."