17 Mar 2015
SEB: USD/CAD struggling to break 1.2820/25 - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB comments that USD/CAD still favours the upside, with the pair currently struggling to break above the 1.2820/25 resistance.
Key Quotes
“Even though the absolute minimum target for the triangle, 1.2800 (Jan 30), has been fulfilled there is plenty of room for the pair to move on higher before meeting the theoretical target for the triangle and the 2009 high point, 1.3066/75.”
“There is however a bit of a struggle overcoming the 1.2820/25 resistance (three failed attempts so far) so a break might possible be delayed a day or two.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Even though the absolute minimum target for the triangle, 1.2800 (Jan 30), has been fulfilled there is plenty of room for the pair to move on higher before meeting the theoretical target for the triangle and the 2009 high point, 1.3066/75.”
“There is however a bit of a struggle overcoming the 1.2820/25 resistance (three failed attempts so far) so a break might possible be delayed a day or two.”
This content has been provided under specific arrangement with eFXnews.