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28 May 2015
CAD/JPY: Constructive above 98.50 - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted that CAD/JPY remains contained below 100.
Key Quotes:
"the broader trend is bullish still and short-term trend momentum at least is positive. But the CAD’s inability to establish a clear foothold above 100 suggests that the bull run risks stalling and turning lower."
"Technically, we remain constructive while the cross remains above 98.50 but this is not an especially high-conviction view."
Key Quotes:
"the broader trend is bullish still and short-term trend momentum at least is positive. But the CAD’s inability to establish a clear foothold above 100 suggests that the bull run risks stalling and turning lower."
"Technically, we remain constructive while the cross remains above 98.50 but this is not an especially high-conviction view."