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CAD’s technical outlook and crosses – TDS

FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot of the technical out look for CAD and crosses.

Key Quotes:

“USD/CAD charts throw up some mixed, short-term signals; a broader 1.08/1.10 range seems likely to continue playing out for now”.

“EUR/CAD's slide steadies but scope for gains remains limited”.

“AUD/CAD reverts to comfortable range trading”.

“GBP/CAD retains a soft tone and pressures support in the upper 1.79s”.

CAD/JPY rally steadies near the July peak but the underlying trend remains bullish”.

AUD/NZD breaks 1.1200 and hits highest since November

The AUD/NZD broke the key resistance area at 1.1200 during the European session and continued to climb above.
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Beige Book says US economy expands moderate to modest pace

The US economy is expanding at moderate to modest pace as all 12 Federal Reserve regions continued to expand in the recent weeks according to the Beige Book. However, the growth hasn't been relevant.
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