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10 Apr 2015

CAD and crosses in a technical snapshot - TDS

FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot.

Key Quotes:

"USD/CAD's slide supported in the upper 1.25s intraday but price action looks soft on the short-term charts and near-term risks (at least) are geared towards renewed weakness."

"EUR/CAD is progressing towards our short-term 1.33 target; a soft close on the week is negative from a broader perspective as well."

"AUD/CAD's rally stalled near 0.97 yesterday, as expected; we look for more consolidation now."

"GBP/CAD retains a weak undertone; new lows today keep the cross on track for a drop to the 1.83 area."

"CAD/JPY's mid-week rejection of the recent range high means a drop back to the range base (low 94s) should follow."

Apr 10, 2015

UK CPI's coming up next week - TDS

Analysts at TD Securities explained and noted the CPI's for the UK coming up on Tuesday 14th April.

USD/CAD returns below 1.2600

The US dollar lost the grip vs. its Canadian peer on Friday, allowing USD/CAD to deflate to sub-1.2600 levels...