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Canadian dollar in a technical snapshot - TDS

FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot technical analyses of the Canadian dollar and crosses.

Key Quotes:

"USD/CAD consolidates and may have some back and filling to do after yesterday's surge but weakness is likely to be short-lived and the longer-term trend remains firmly higher."

"There is still a lot of mileage in USD/CAD long positions."

"EUR/CAD is choppy but range bound."

"AUD/CAD consolidates but overall price action remains constructive."

"GBP/CAD's rally stumbles today but the bull break out remains intact."

"CAD/JPY price action suggests a short-term bounce may be developing."

EUR/USD keeps falling and breaks below 1.1400

EUR/USD dropped below 1.1400 for the first time since November 2003 and hit a fresh low at 1.1368. Since the announcement of the European Central Bank purchase program the pair has fallen more than 250 pips.
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NZD/USD hits fresh 30-month lows

After recovering ground during the European session the NZD/USD pair lost momentum and resumed the decline as the US dollar strengthened across the board.
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