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22 May 2015
SEB: USD/CAD setup remains bullish – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB views that a bullish surge for USD/CAD is very near, as noted by eFXnews.
Key Quotes
“Given the small size of the past days downside candles together with repeated rejections from the 1.2170-area it is fair to assume, we think, that the selling pressure is very light and the interest to bid being high. The setup is a very bullish and the continuation of the previous surge will probably start within hours.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Given the small size of the past days downside candles together with repeated rejections from the 1.2170-area it is fair to assume, we think, that the selling pressure is very light and the interest to bid being high. The setup is a very bullish and the continuation of the previous surge will probably start within hours.”
This content has been provided under specific arrangement with eFXnews.