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CAD and crosses in a technical snapshot - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained the Canadian dollar and crosses from a technical perspective.

USD/CAD has been choppy so far today but the message from the short-term charts remains more negative than anything else”.

“EUR/CAD was capped at noted trend resistance and a marginal new low today keeps the focus on the downside – we continue to target a drop to the 1.35/1.38 range eventually”.

“AUD/CAD's sell-off has steadied this week, however, and might nudge a little higher”.

“GBP/CAD drops below short-term trend support”.

“CAD/JPY breaks support at 97.70 and should extend lower”.

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