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CAD and crosses in a snapshot - TDS

FXStreet (Barcelona) - Analysts at TD Securities explained the technical conditions in a snapshot around the Canadian dollar and crosses.

Key Quotes:

USD/CAD retains a negative technical undertone; daily and – potentially – weekly price action signal an important top in the upper 1.12 area (again); we think technical risks are geared towards a drop back to 1.0950/1.10”.

“EUR/CAD struggles to improve above 1.42”.

“AUD/CAD remains capped below 0.09860 resistance but risks remain geared to the upside near-term”.

“GBP/CAD continue to range trade”.

“CAD/JPY's recovery Wednesday may signal modest recovery potential but we think the broader bias is lower while 97.70 resistance holds”.

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