Comments and forex-analytics from FBS Brokerage Company - page 44
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Commerzbank: USD/CAD will rise to 1.0592 in a year
Technical analysts at Commerzbank believe that the bearish trend for the pair USD/CAD has finished when the greenback hit the minimum of 0.9445 on May 2.
The specialists claim that US dollar is currently trading within a clear minor uptrend channel versus loonie. In their view, the pair will reach 1.0208 in 6 months and climb to 200-week MA of 1.0592 in a year.