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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."

EUR/GBP: Stalling through the pivot on 0.72 handle

EUR/GBP is currently trading at 0.7216 with a high of 0.7245 and a low of 0.7185.
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USD/CNY further downside lies ahead – Danske Bank

Senior Analyst at Danske Bank Flemming Nielsen sees the pair grinding lower in the medium term...
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