Axel Rudolph, Senior Analyst at Commerzbank, noted the pair could still reach the 1.3532/97 band, where it is likely to lose some upside momentum albeit for a few days. Key Quotes “USD/CAD is still gunning for the 1.3532/97 November and December 2016 as well as the March 2017 highs. There the currency pair is likely to stall, at least for a few days”. “Further up the May 2017 peak can be spotted at 1.3791″. “Minor support comes in around the March high at 1.3124 and also at the May and early June highs at 1.3066/1.2997″. “Immediate upside pressure will be maintained while no unexpected bearish reversal takes the currency pair below the 1.2950 mid-June low”. 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 GBP/USD sticks to the bearish view – UOB FX Street 3 years Axel Rudolph, Senior Analyst at Commerzbank, noted the pair could still reach the 1.3532/97 band, where it is likely to lose some upside momentum albeit for a few days. Key Quotes "USD/CAD is still gunning for the 1.3532/97 November and December 2016 as well as the March 2017 highs. There the currency pair is likely to stall, at least for a few days". "Further up the May 2017 peak can be spotted at 1.3791". "Minor support comes in around the March high at 1.3124 and also at the May and early June highs at 1.3066/1.2997". "Immediate upside pressure will be… 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.
