18 Feb 2015
SEB: USD/CAD move above 1.2697 will signal an end to downside correction – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s technical outlook for USD/CAD.
Key Quotes
“A recent nearby low and the 21day 'Kijun-Sen' are under pressure within what is best labeled an 'a-b-c' correction lower - ideally targeting 1.2250, alternatively also the Jan mid-body point and a short-term 127.2% Fibo extension ref at 1.2165/25.”
“Back over 1.2697 is likely ending the correction south and sets focus back on 1.2800 and levels beyond.”
“Current intraday stretches are located at 1.2310 & 1.2500.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“A recent nearby low and the 21day 'Kijun-Sen' are under pressure within what is best labeled an 'a-b-c' correction lower - ideally targeting 1.2250, alternatively also the Jan mid-body point and a short-term 127.2% Fibo extension ref at 1.2165/25.”
“Back over 1.2697 is likely ending the correction south and sets focus back on 1.2800 and levels beyond.”
“Current intraday stretches are located at 1.2310 & 1.2500.”
This content has been provided under specific arrangement with eFXnews.