USD/CAD rejected another probe, its third, below 1.39 yesterday. Analysts at TD Securities are heavy again, but technically, the charts point to a descending triangle. Credit Suisse also points to higher USD/CAD levels. Key quotes “While a break of support around 1.3850 could be significant we have yet to hear an argument as to why you would want to own CAD.” “With stocks at their post-crash highs and USD/CAD trading where it is, a lot of good news is in the price – whatever good news that may be.” “We remain focused on upside risks overall. We think 1.3970/00 will be the first notable topside threshold for the pair, which will put 1.4050/80 daily downtrend resistance into focus.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Wall Street opens higher led by strong gains in financial and energy shares FX Street 2 years USD/CAD rejected another probe, its third, below 1.39 yesterday. Analysts at TD Securities are heavy again, but technically, the charts point to a descending triangle. Credit Suisse also points to higher USD/CAD levels. Key quotes “While a break of support around 1.3850 could be significant we have yet to hear an argument as to why you would want to own CAD.” “With stocks at their post-crash highs and USD/CAD trading where it is, a lot of good news is in the price - whatever good news that may be.” “We remain focused on upside risks overall. We think 1.3970/00 will… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
