25 May 2015
SEB: USD/CAD eyeing higher levels soon – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB sees further upside potential for USD/CAD, as noted by eFXnews.
Key Quotes
“The minor congestion ended Friday and the pair took another impulsive step higher, reaching and for a short while violating the 1.2305 resistance. A small wave four triangle has since Friday's peak developed in the hourly chart so there's a high probability move higher left before the current phase (which after a correction will be followed by several other upward phases) is completed in the upper half of the l.23's.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The minor congestion ended Friday and the pair took another impulsive step higher, reaching and for a short while violating the 1.2305 resistance. A small wave four triangle has since Friday's peak developed in the hourly chart so there's a high probability move higher left before the current phase (which after a correction will be followed by several other upward phases) is completed in the upper half of the l.23's.”
This content has been provided under specific arrangement with eFXnews.