2 Jul 2015
SEB: USD/CAD price action remains bullish – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB maintain a bullish target for USD/CAD at 1.2667/80, as noted by eFXnews.
Key Quotes
“We got what we came for – a 1.2563 test, but we want more… A short-term "Equality point" at 1.2600 may temper buying for a bit, but it is far from certain that it will. So instead of recommending taking profit on earlier suggested longs here, let the market do it for you by lifting the protective sell-stop to supposed support at yesterday’s midbody point at 1.2540. Beyond 1.2600, it would be right to lift sights to 1.2667\80.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We got what we came for – a 1.2563 test, but we want more… A short-term "Equality point" at 1.2600 may temper buying for a bit, but it is far from certain that it will. So instead of recommending taking profit on earlier suggested longs here, let the market do it for you by lifting the protective sell-stop to supposed support at yesterday’s midbody point at 1.2540. Beyond 1.2600, it would be right to lift sights to 1.2667\80.”
This content has been provided under specific arrangement with eFXnews.