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Forex Flash: USD/CAD potential upside ahead – Danske Bank

FXstreet.com (Barcelona) - The Canadian dollar continues to advance against its neighbour on Monday, dragging the cross below 1.0150.

In the view of A.Lohmann Rasmussen, Analyst at Danske Bank, the pair would be gathering pace for an up-move after the 2009-2011 decline, as seen by the recent formation of higher lows.

“All three moving averages on the chart are now rising, confirming the push higher, while momentum is also in positive territory. A break above 1.0343 would firm the tone further for a challenge on the 2012 peak at 1.0446”, concludes the expert.

Forex Flash: Buy USD/JPY dip this week among other recommendations for the next two months – JP Morgan

JP Morgan analysts believe this spring could prove more manageable than previous ones: “The US slowdown looks temporary because it is owed to modest fiscal tightening; Asian markets and commodity prices are less China-dependent given Japan’s strength; and Europe has more become the world’s chronic underachiever rather than its generator of acute financial risk”.
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