Quotes from Societe Generale Cross Asset Research:
-USD/CAD has broken above a multiyear trend line resistance and is extending the up move within an upward channel. The pair has achieved our target of 1.1665/1.1730.
-Monthly RSI is breaking above a resistance suggesting continuation in uptrend. A decisive close above 1.1730 will indicate extension in uptrend towards 1.22.
The material has been provided by InstaForex Company – www.instaforex.com