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CAD and crosses in a technical snapshot – TDS


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FXStreet (Guatemala) – Analysts at TD Securities explained the CAD and crosses in a technical snapshot.

Key Quotes:


“The USD/CAD is struggling for a strong sense of direction in the short run; we look for the market to trade between 1.2360/1.2630 for a while longer.”


“EUR/CAD retains a weak technical bias despite this morning’s rebound.”


“AUD/CAD pivots around the 40-day MA.”


“GBP/CAD’s bull run moderates but no reversal at this point.”


“CAD/JPY moves sideways but should be biased somewhat lower.”