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15 May 2015
Canadian dollar in a technical snapshot - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CAS in a technical snapshot.
Key Quotes:
"USD/CAD steadies below 1.20 but may retain a choppy, sideways bias for now."
"EUR/CAD remains well-supported, should extend strongly above 1.3760/65."
"AUD/CAD moves up, drops back; we would prefer more evidence of sustained gains."
"GBP/CAD's technical set up is bullish – look for more gains to 1.92 near-term, 2.00/2.02 in the medium term."
"CAD/JPY stalls above 100 for now."
"NZD/CAD reverses from retracement support but scope for sustained gains is limited."
Key Quotes:
"USD/CAD steadies below 1.20 but may retain a choppy, sideways bias for now."
"EUR/CAD remains well-supported, should extend strongly above 1.3760/65."
"AUD/CAD moves up, drops back; we would prefer more evidence of sustained gains."
"GBP/CAD's technical set up is bullish – look for more gains to 1.92 near-term, 2.00/2.02 in the medium term."
"CAD/JPY stalls above 100 for now."
"NZD/CAD reverses from retracement support but scope for sustained gains is limited."