15 Jun 2015
SEB: USD/CAD eyeing resistance at 1.2355\78 – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB Group, believes that the focus for USD/CAD has now shifted to the upside, and a break above 1.2355/78 would be bullish, as noted by eFXnews.
Key Quotes
“The market is back eyeing resistance (short-term pivot, high end of the 55day exponentially weighted moving average band, "Cloud" high & average 5day high) in the 1.2355\78- area. Bullishly above all those would set focus back on the 1.2563 "Double-top".”
“Current intraday stretches are located at 1.2230 & 1.2410 – so there is decent room to maneuver intradaily both up and down from here.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The market is back eyeing resistance (short-term pivot, high end of the 55day exponentially weighted moving average band, "Cloud" high & average 5day high) in the 1.2355\78- area. Bullishly above all those would set focus back on the 1.2563 "Double-top".”
“Current intraday stretches are located at 1.2230 & 1.2410 – so there is decent room to maneuver intradaily both up and down from here.”
This content has been provided under specific arrangement with eFXnews.