EUR/CAD: More Of the Same?

 | Oct 12, 2012 09:40AM ET

Currently we are at 1.2692 after breaking the ascending wedge which is bullish for the pair. The expected move is up to the resistance zone in the 1.2721-39 area. A break here suggests a move to the 0.214 Fibo @ 1.2760. The daily ATR (Average True Range) is 76 Pips.