Axel Rudolph, Senior Analyst at Commerzbank, noted the pair’s long term target remains at 1.3588/97 as long as 1.2529 holds. Key Quotes “USD/CAD is flirting with the early March high at 1.3001 while still en route to the long term downtrend line at 1.3042 and the March high at 1.3124″. “The next higher 1.3588/97 November and December 2016 highs remain our longer term upside targets for the course of this year, provided that the April low at 1.2529 underpins”. “Only unexpected failure there would put the 1.2452/40 mid-February low and the 78.6% Fibonacci retracement on the cards. This is not our preferred view, though”. 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 USD/JPY below 100 if Abe steps down? – Nordea Markets FX Street 5 years Axel Rudolph, Senior Analyst at Commerzbank, noted the pair's long term target remains at 1.3588/97 as long as 1.2529 holds. Key Quotes "USD/CAD is flirting with the early March high at 1.3001 while still en route to the long term downtrend line at 1.3042 and the March high at 1.3124". "The next higher 1.3588/97 November and December 2016 highs remain our longer term upside targets for the course of this year, provided that the April low at 1.2529 underpins". "Only unexpected failure there would put the 1.2452/40 mid-February low and the 78.6% Fibonacci retracement on the cards. This is not… 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.
