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15 May 2015
SEB: USD/CAD bullish above 1.2007 – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB, believes that with USD/CAD facing another downside failure, a break above 1.2007 might fuel bullish sentiment in the pair today, as noted by eFXnews.
Key Quotes
“Again the pair fell down below the prior low point without attracting any follow through selling. Accordingly a second consecutive spring bottom has been created which together with the bullish pre-divergence has the potential of creating a rather impulsive move higher. A break above 1.2007 will probably be enough to get the market into a bullish mode for the day.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Again the pair fell down below the prior low point without attracting any follow through selling. Accordingly a second consecutive spring bottom has been created which together with the bullish pre-divergence has the potential of creating a rather impulsive move higher. A break above 1.2007 will probably be enough to get the market into a bullish mode for the day.”
This content has been provided under specific arrangement with eFXnews.