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CAD and crosses in a technical snap shot – TDS

FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot from a technical point of view for the Canadian dollar and crosses.

Key quotes:

USD/CAD is still capped below 1.0985 but the technical trend is positive and we remain bullish; above 1.0985 targets a quick rise to the low 1.11s we think”.

“EUR/CAD slides below the July/August consolidation base, suggesting more losses ahead”.

“AUD/CAD continues to range trade”.

“GBP/CAD retains a weak bias”.

“CAD/JPY firms but we are wary of a drop back from the low 95 area”.

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