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CAD and crosses technically in a snapshot - TDS

FXStreet (Guatemala) - FX strategists at TD Securities gave us a snap shot at the Canadian dollar and crosses.

Key quotes:

“Short-term price action in USD/CAD turns a little soft; near-term weakness may extend to the 1.11 area below 1.1175/85 but the broader bull trend remains intact”.

“EUR/CAD's undertone remains weak on the charts; we look for firm resistance at 1.4150/60 now”.

“AUD/CAD rallied yesterday and sold off hard again overnight; support at 0.9710 remains at risk”.

“GBP/CAD looks soft today but the market remains choppy and we still think the early September bull reversal can still deliver gains towards 1.83 at least”.

“CAD/JPY looks soft but clings to 97.70 support”.

USD/CAD could still push beyond 1.1277

USD/CAD is trading at 1.1172, down -0.22% on the day, having posted a daily high at 1.1225 and low at 1.1162.
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