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17 May 2013
EUR/CAD high 1.3201
FXstreet.com (London) - The Pair have exceeded its previous high this week on a bull run since the decline on Wednesday with the dollar leading the herd.
The Loonie lost some ground yesterday in the face of poorer US data but has since recovered to resistance 1.0250 and the EUR is whimpering below 1.2880. All that is relevant in light of this pair exceeding resistance and the daily trend line to the top side in the face of a bullish dollar index, especially in a dovish BoC outlook and commodities that are currently taking a hit. There are weekly resistance levels at 1.3245 and support at 1.3140, where the pair broke up from 1.3120 and away from the figure.
The Loonie lost some ground yesterday in the face of poorer US data but has since recovered to resistance 1.0250 and the EUR is whimpering below 1.2880. All that is relevant in light of this pair exceeding resistance and the daily trend line to the top side in the face of a bullish dollar index, especially in a dovish BoC outlook and commodities that are currently taking a hit. There are weekly resistance levels at 1.3245 and support at 1.3140, where the pair broke up from 1.3120 and away from the figure.