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1 Aug 2013
USD/CAD jumps higher to fresh highs
FXstreet.com (New York) - The USD/CAD technical pair has sailed towards the heights of the 1.0350 region during the afternoon of US trading, as the USD continues to notch impressive gains across the board.
At the time of writing, the USD/CAD is now operating at 1.0352, estaishing fresh highs after a gain of +0.73%. Technically speaking, the Mataf.net analyst team cites the next measure of resistance at 1.0374, onto 1.0413.
USD/CAD strategic bias
According to Global FX Strategist Sean Callow at Westpac, “The USD/CAD looks like it still wants to probe sub-1.0200. However, price action in the last couple of days is less than convincing. With BoC rates firmly on hold, the CAD looks to firm.”
At the time of writing, the USD/CAD is now operating at 1.0352, estaishing fresh highs after a gain of +0.73%. Technically speaking, the Mataf.net analyst team cites the next measure of resistance at 1.0374, onto 1.0413.
USD/CAD strategic bias
According to Global FX Strategist Sean Callow at Westpac, “The USD/CAD looks like it still wants to probe sub-1.0200. However, price action in the last couple of days is less than convincing. With BoC rates firmly on hold, the CAD looks to firm.”