11 May 2015
SEB: USD/CAD a buy above 1.2145 - eFXnews
FXStreet (Barcelona) - According to SEB, USD/CAD is on its way to confirm the probable double bottom, and suggests buying a break above 1.2145, as noted by eFXnews.
Key Quotes
“After a second weekly downside failure the probability for the double bottom to play out has increased significantly. A break above 1.2205, the confirmation point, is expected to take place early in the week and should trigger additional buying. Early birds buy a 1.2145 break and add on above 1.2205.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“After a second weekly downside failure the probability for the double bottom to play out has increased significantly. A break above 1.2205, the confirmation point, is expected to take place early in the week and should trigger additional buying. Early birds buy a 1.2145 break and add on above 1.2205.”
This content has been provided under specific arrangement with eFXnews.