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CAD and crosses in a technical snapshot - TDS

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

Key Quotes:

"USD/CAD corrects but short-term trend studies are negative and we think last week's break under 1.2360 support targets the low 1.19s. Look to fade USD rallies."

"EUR/CAD's rebound stalls, reflecting the deeply entrenched bear trend; we look for sub-1.30 levels shortly."

"AUD/CAD rebound after heavy losses Monday is a minor gap-filling exercise; we remain bearish from a technical point of view but look for a break under 0.94 to confirm."

"GBP/CAD's corrective slide may be slowing around long-term support."

"CADJPY's rally stalls and may dip back to 96.40/50."

NZD/USD rises again toward 0.7700

NZD/USD is approaching daily highs as the US dollar weakens across the board.
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EUR/USD could revisit 1.0500 – FXStreet

FXStreet Editor and Analyst, Omkar Godbole, views that EUR/USD is likely to drop to 1.0500 levels and lower if Greece agreement talks fail in the Friday’s Eurogroup meeting.
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