USD/CAD: stay bullish unless 1.24 breaks – SG

FXStreet (Barcelona) - Kit Juckes of Societe Generale, shares the view for USD/CAD, EUR/USD, GBP/SEK and CHF/NOK.

Key Quotes

“We are long USD/CAD unless 1.24 breaks (weak Ivey); neutral EUR/USD but keen to re-set shorts in due course and noting that 1.1070 resistance still holds; short GBP/SEK; short CHF/NOK and offside. And pondering where to get long USD/JPY.”

EUR/CHF slips to 1.0450

The Swiss franc is extending its upside momentum vs. its European peer on Tuesday, pushing EUR/CHF back to the mid-1.0400s...
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EUR/GBP hits fresh lows ahead of 0.73

The shared currency was beaten by the pound in the European session; dragging EUR/GBP near 0.73 handle, as the euro failed to receive impetus from the above estimates services PMI readings from across the Euro area economies.
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