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Trading news
20 Apr 2015
CAD and crosses in a snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered a snapshot technical review of the Canadian dollar and crosses.
Key Quotes:
"USD/CAD steadies but rebound potential remains limited; technical outlook is negative from a broader point of view after last week's break of 1.2360."
"EUR/CAD's rebound looks a little more emphatic on the daily chart but we also expect rebounds to be limited ahead of renewed downside pressure."
"AUD/CAD trades softly, threatens support around 0.94."
"GBP/CAD weakness extends but losses have driven the GBP back to levels we consider potentially attractive."
"CAD/JPY range break out should extend."
Key Quotes:
"USD/CAD steadies but rebound potential remains limited; technical outlook is negative from a broader point of view after last week's break of 1.2360."
"EUR/CAD's rebound looks a little more emphatic on the daily chart but we also expect rebounds to be limited ahead of renewed downside pressure."
"AUD/CAD trades softly, threatens support around 0.94."
"GBP/CAD weakness extends but losses have driven the GBP back to levels we consider potentially attractive."
"CAD/JPY range break out should extend."