Back
16 May 2013
Forex Flash: Forex Flash: CAD outlook – TD Securities
Research team at TD Securities highlight the technical outlook for CAD.
The team highlights USD/CAD consolidating and supported in low/mid 1.01 area. The EUR/CAD sell off steadies around their expected levels support and say that a rebound potential is limited for now. They see that AUD/CAD continues to trend lower, with key supports in the low/mid 0.99 area at risk. GBP/CAD consolidates. CAD/JPY rally stalls.
The team highlights USD/CAD consolidating and supported in low/mid 1.01 area. The EUR/CAD sell off steadies around their expected levels support and say that a rebound potential is limited for now. They see that AUD/CAD continues to trend lower, with key supports in the low/mid 0.99 area at risk. GBP/CAD consolidates. CAD/JPY rally stalls.