13 Jan 2015
SEB: USD/CAD targeting 1.2015 next – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that buyers retain their hold over the USD/CAD pair, with the pair now targeting 1.2015 levels.
Key Quotes
“Another clear-cut bullish print was added yesterday, showing the buyers retain the initiative. The next attraction/resistance above to take into account is a short-medium-term Fibo combo at 1.2015. Mid-body support at 1.1915 and the Jan7 high of 1.1875 should provide support enough to fade any near-term correction lower. Current intraday stretches are located at 1.1880 & 1.2000.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Another clear-cut bullish print was added yesterday, showing the buyers retain the initiative. The next attraction/resistance above to take into account is a short-medium-term Fibo combo at 1.2015. Mid-body support at 1.1915 and the Jan7 high of 1.1875 should provide support enough to fade any near-term correction lower. Current intraday stretches are located at 1.1880 & 1.2000.”
This content has been provided under specific arrangement with eFXnews.