Here are the views from SocGen:. With the weekly indicator breaking a descending trend, the pair appears to extend the phase of rebound.

Currently it is approaching 1. A test of graphical levels at 1. It is now probing the week MA and also the lower limit of a multi-year upward channel 1. With daily RSI breaching above a descending channel, extension in rebound cannot be not ruled out. A sustained move above 1.

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Multi-Year Channel — SocGen. Multi-Year Channel — SocGen 0. By Yohay Elam Published: Feb 5, Here are the views from SocGen: Here is their view, courtesy of eFXnews: Get the 5 most predictable currency pairs. Previous Article Loonie rises with oil prices.

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