Barclays looking for further gains in USD/CAD

  • The Loonie has been under pressure in the past few sessions amid declining Oil prices
  • Oil got hit badly this morning after Saudi-Arabia announced that it would cut prices for the US
  • 1.14 barrier in USD/CAD taken out earlier, 1.1426 the high so far
  • Barclays sees the daily close above 1.13 yesterday as bullish
  • 1.1440 the immediate target; looking for a move to 1.1670-1.1730 long-term

The post Barclays looking for further gains in USD/CAD appeared first on www.forextell.com.

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