Senior Analyst at Commerzbank Axel Rudolph noted the pair remains on track to test the 1.3532/97 band. Key Quotes “USD/CAD is still aiming for the 1.3532/97 November and December 2016 as well as the March 2017 highs”. “The cross levelled out at its current July low at 1.3065 before rising again”. “The area between the four month support line at 1.3097 and the 55 day moving average at 1.3038 should continue to act as support”. “Once a rise above the June high at 1.3386 has been seen, the November, December 2016 as well as the March 2017 highs at 1.3532/97 will be in focus”. “Immediate upside pressure will be maintained while no unexpected bearish reversal takes the currency pair below the 1.2950 mid-June low. Unexpected failure at 1.2950 would put the 2018 support line at 1.2866 on the map”. 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 US: Expect a 4.4% decline in housing starts in June – Nomura FX Street 5 years Senior Analyst at Commerzbank Axel Rudolph noted the pair remains on track to test the 1.3532/97 band. Key Quotes "USD/CAD is still aiming for the 1.3532/97 November and December 2016 as well as the March 2017 highs". "The cross levelled out at its current July low at 1.3065 before rising again". "The area between the four month support line at 1.3097 and the 55 day moving average at 1.3038 should continue to act as support". "Once a rise above the June high at 1.3386 has been seen, the November, December 2016 as well as the March 2017 highs at 1.3532/97… 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.
