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23 Jan 2015
USD/CAD might make a move towards 1.2500 – FXMarketAlerts
FXStreet (Barcelona) - The FXMarketAlerts Team comments that USD/CAD might make a move higher towards 1.2500 if the pair holds above the key supports.
Key Quotes
“USD/CAD reached the next upper target at 1.2445 and at the moment is backing down on the fresh CAD data. Not too much of a technical break at this time because no key support has been taken out yet. Mkt would need to fall below 1.2325 todo a little bit of damage. If mkt does not break any key support, the bulls will get active again toward 1.2500. “
Key Quotes
“USD/CAD reached the next upper target at 1.2445 and at the moment is backing down on the fresh CAD data. Not too much of a technical break at this time because no key support has been taken out yet. Mkt would need to fall below 1.2325 todo a little bit of damage. If mkt does not break any key support, the bulls will get active again toward 1.2500. “