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23 Sep 2014
SEB: USD/CAD targeting 1.11 - eFXnews
FXStreet (Łódź) - The eFXnews team point out that SEB sees USD/CAD aiming at the recent 1.11 high.
Key quotes
"A short-term correctional sequence seems to be over and done with after yesterday's break back through 1.1023 (now support)."
"With additional mid-body support at 1.1000, the recent 1.11 high is at stake - over which extension towards a key ref at 1.1280 should be penciled in."
"Ditch this bullish thought on a move back under 1.0926."
"Current intraday stretches are located at 1.0980 & 1.1060."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"A short-term correctional sequence seems to be over and done with after yesterday's break back through 1.1023 (now support)."
"With additional mid-body support at 1.1000, the recent 1.11 high is at stake - over which extension towards a key ref at 1.1280 should be penciled in."
"Ditch this bullish thought on a move back under 1.0926."
"Current intraday stretches are located at 1.0980 & 1.1060."
'This content has been provided under specific arrangement with eFXnews.'