Back
13 Aug 2014
SEB: USD/CAD below 1.0903 would target 1.0880/20 - eFXnews
FXStreet (Łódź) - The eFXnews team remark that SEB observes a slight inconsistency between the USD/CAD price action today and the short-term trend-following tools, which point higher.
Key quotes
"A drop under 1.0903 (Aug7 low) would confirm a temporary top formation in place and highlight attraction / supports nearby at Fibo clusters at 1.0880 & 1.0850/40."
"The full 'Round-top' target comes in as low as 1.0820."
"Current intraday stretches are located at 1.0890 & 1.0970."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"A drop under 1.0903 (Aug7 low) would confirm a temporary top formation in place and highlight attraction / supports nearby at Fibo clusters at 1.0880 & 1.0850/40."
"The full 'Round-top' target comes in as low as 1.0820."
"Current intraday stretches are located at 1.0890 & 1.0970."
'This content has been provided under specific arrangement with eFXnews.'