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23 Feb 2015
SEB: USD/CAD eying 1.2626 – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for USD/CAD.
Key Quotes
“The latest development makes the bull triangle scenario (the alternative one being a bull flag) the most likely one.”
“If continuing to follow a triangle path the pair should next rise toward 1.2626 (78.6% of the 1.2697/1.2360 decline), the fall back small before breaking higher for the longer term targets in the 1.30-1.34 area.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The latest development makes the bull triangle scenario (the alternative one being a bull flag) the most likely one.”
“If continuing to follow a triangle path the pair should next rise toward 1.2626 (78.6% of the 1.2697/1.2360 decline), the fall back small before breaking higher for the longer term targets in the 1.30-1.34 area.”
This content has been provided under specific arrangement with eFXnews.