What is the outlook for USD/CAD in the short and medium terms? Here is their view, courtesy of eFXdata: Credit Suisse discusses USD/CAD technical outlook and adopts a tactical bearish bias. “Short-term momentum is turning slightly and the minor RSI divergence that is now in place is a little concerning in the short term. Nevertheless, we stay bearish and look for a resumption of the strong medium-term downtrend, with a weekly close below 1.206 0/48 needed to confirm a multi-year “double top” and dramatically reinforce our medium-term bearish outlook, with the next level at 1.1916,” CS notes. “The risks stay directly lower whilst 1.2188/2203, which is the recent high and 13 -day exponential average. Above here would trigger a deeper correction, with the next level at 1.2352,” CS adds. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next NZD/USD to drift lower in its current consolidation mode – DBS Bank FX Street 2 years What is the outlook for USD/CAD in the short and medium terms? Here is their view, courtesy of eFXdata: Credit Suisse discusses USD/CAD technical outlook and adopts a tactical bearish bias. "Short-term momentum is turning slightly and the minor RSI divergence that is now in place is a little concerning in the short term. Nevertheless, we stay bearish and look for a resumption of the strong medium-term downtrend, with a weekly close below 1.206 0/48 needed to confirm a multi-year "double top" and dramatically reinforce our medium-term bearish outlook, with the next level at 1.1916," CS notes. "The risks stay… Regulated 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.
