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EUR/CAD risks continue to weigh lower

FXStreet (Guatemala) - EUR/CAD is trading at 1.4044, down -0.63% on the day, having posted a daily high at 1.4173 and low at 1.4036.

EUR/CAD has yet again resumed the downside and retains a bearish bias. Analysts at TD Securities explained that they expect a downside resolution to the current consolidation. “We think the October rejection of 1.44+ levels keeps the broader focus on a return to the 1.35/1.38 range in in weeks/months ahead…Risks are rising for a range break lower, just not today. Expect resistance in the 1.42 area from here”.

EUR/CAD noteworthy levels

With spot trading at 1.4045, we can see next resistance ahead at 1.4055 (Daily Classic S2), 1.4065, 1.4094 (Daily Classic S1) and 1.4107 (Hourly 20 EMA). Support below can be found at 1.4024 (Daily Classic S3), 1.3994 (Weekly Classic S1) and 1.3873 (Weekly Classic S2).

AUD/JPY well placed in the bid towards 101.00

AUD/JPY is trading at 100.74, up 0.31% on the day, having posted a daily high at 100.87 and low at 100.06.
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