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CAD and crosses technical outlook – TDS

FXStreet (Barcelona) - Analysts at TD Securities explained the CAD and Canadian crosses in a snap shot.

Key Quotes:

USD/CAD choppy but in a range; bullish on a sustained move above 1.1260 intraday, see channel support at 1.1190”.

“EUR/CAD drifts back to test break out point – now support”.

“AUD/CAD resistance in the mid 0.99 area strengthens”.

“GBP/CAD drops, stays choppy”.

“CAD/JPY probes band of resistance at 95.50/96.20”.

AUD/USD mixed and choppy; bearish bias

AUD/USD is trading at 0.8790, up 0.13% on the day, having posted a daily high at 0.8817 and low at 0.8746.
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USD/CAD holds above 1.1200

The USD/CAD fell 110 pips from 1.1290 post BoC decision until it found support below the 1.1200 level at 10-day lows around 1.1190. At this level, the pair found some buying interest that drove the pair back above 1.1200 where it remains now trading quietly.
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