CAD and crosses in technical snapshot - TDS

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

Key Quotes:

"USD/CAD drops from resistance in the upper 1.23s again but the broader, technical picture remains constructive.

EUR/CAD is pressuring key support at 1.3760/00.

AUD/CAD's slide from the 0.96 area reinforces short-term range trading and longer term bearishness.

GBP/CAD remains well supported on minor dips; technical structure of this market is solid and we remain bullish.

CAD/JPY remains range bound.

NZD/CAD bounce stalls right on cue; longer-term technical picture is very negative."