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BUNDS

Services PMIs the early focus

GOLD TECHS

Bearish Threat Remains Present

BRENT TECHS

(U2) Resistance Is At $116.24

TURKEY

JPM on TRY and Inflation

USDCAD TECHS

Support Lies At The 50-Day EMA

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Conditions Remain Bullish

USDCAD TECHS
  • RES 4: 1.2964 High Dec 20 2021
  • RES 3: 1.2901 High Mar 8 and a key resistance
  • RES 2: 1.2871/89 High Mar 15 / 2.0% 10-dma envelope
  • RES 1: 1.2854 High Apr 27
  • PRICE: 1.2817 @ 17:17 BST Apr 27
  • SUP 1: 1.2634 50-day EMA
  • SUP 2: 1.2568 Low Apr 22
  • SUP 3: 1.2459 Low Apr 21
  • SUP 4: 1.2403 Low Apr 5 and a key support

USDCAD inched higher still Wednesday. The recent break of 1.2676, the Apr 13 high, and the subsequent follow through strengthens a bullish condition. The focus is on 1.2871 next, the Mar 15 high and the next key resistance at 1.2901, the Mar 8 high. On the downside, last Friday’s 1.2568 low is seen as a firm short-term support. Initial support is at 1.2634, the 50-day EMA.

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  • RES 4: 1.2964 High Dec 20 2021
  • RES 3: 1.2901 High Mar 8 and a key resistance
  • RES 2: 1.2871/89 High Mar 15 / 2.0% 10-dma envelope
  • RES 1: 1.2854 High Apr 27
  • PRICE: 1.2817 @ 17:17 BST Apr 27
  • SUP 1: 1.2634 50-day EMA
  • SUP 2: 1.2568 Low Apr 22
  • SUP 3: 1.2459 Low Apr 21
  • SUP 4: 1.2403 Low Apr 5 and a key support

USDCAD inched higher still Wednesday. The recent break of 1.2676, the Apr 13 high, and the subsequent follow through strengthens a bullish condition. The focus is on 1.2871 next, the Mar 15 high and the next key resistance at 1.2901, the Mar 8 high. On the downside, last Friday’s 1.2568 low is seen as a firm short-term support. Initial support is at 1.2634, the 50-day EMA.