CAD: Move above 1.2660 would likely clarify the technical tone - BBH

Analysis General

Published: 2/19/2018 2:31:00 AM
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US dollar snapped a two-week advance against the Canadian dollar, but the loss was minor (-0.20%), and the key technical development was constructive for the greenback, points out the research team at BBH. 

“It recorded an outside up day against the Canadian dollar, closing above the previous day's high.  A move above CAD1.2660 would likely clarify the technical tone in favor of the greenback and suggest a return to CAD1.29.  Support is seen near CAD1.2450.”



Tag: General
Source: FXSTREET
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