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16 Mar 2015
USD/CAD bullish target at 1.2950 – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team maintains a bullish outlook on USD/CAD, targeting 1.2950 levels.
Key Quotes
“The USD/CAD rose after the release of Canadian jobs report and reached new 2015 high at 1.2824 on Friday. This move was pretty in line with our long position taken at 1.2680.”
“We have raised the stop-loss and target levels of our position. The stop-loss is now at 1.2700 and the target is 1.2950, just below daily high on March 12, 2009.”
“Resistance: 1.2824 (high Mar 13), 1.2845 (high Mar 13, 2009), 1.2955 (high Mar 12, 2009)”
“Support: 1.2613 (low Mar 12), 1.2598 (low Mar 10), 1.2574 (low Mar 9)”
Key Quotes
“The USD/CAD rose after the release of Canadian jobs report and reached new 2015 high at 1.2824 on Friday. This move was pretty in line with our long position taken at 1.2680.”
“We have raised the stop-loss and target levels of our position. The stop-loss is now at 1.2700 and the target is 1.2950, just below daily high on March 12, 2009.”
“Resistance: 1.2824 (high Mar 13), 1.2845 (high Mar 13, 2009), 1.2955 (high Mar 12, 2009)”
“Support: 1.2613 (low Mar 12), 1.2598 (low Mar 10), 1.2574 (low Mar 9)”