Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Approaching Key Short-Term Resistance

USDCAD TECHS
  • RES 4: 1.3224 High Jul 14 and key resistance
  • RES 3: 1.3135 High Jul 15
  • RES 2: 1.2995/3012 3.0% Upper Bollinger Band / High Jul 18
  • RES 1: 1.2985 High Aug 5 and key near-term resistance
  • PRICE: 1.2962 @ 07:23 BST Aug 19
  • SUP 1: 1.2828/2754 Low Aug 17 / 200-dma
  • SUP 2: 1.2728 Low Aug 11 and key support
  • SUP 3: 1.2685 76.4% retracement of the Jun 8 - Jul 14 upleg
  • SUP 4: 1.2596 2.0% 10-dma envelope

USDCAD maintains this week’s bullish theme and the pair is trading higher. Attention is on resistance at 1.2985, the Aug 5 high and the next key short-term hurdle for bulls. Clearance of this level would strengthen bullish conditions. On the downside, key support has been defined at 1.2728, the Aug 11 low where a break would reinstate a bearish threat and also highlight a breach of the 200-dma.

144 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.3224 High Jul 14 and key resistance
  • RES 3: 1.3135 High Jul 15
  • RES 2: 1.2995/3012 3.0% Upper Bollinger Band / High Jul 18
  • RES 1: 1.2985 High Aug 5 and key near-term resistance
  • PRICE: 1.2962 @ 07:23 BST Aug 19
  • SUP 1: 1.2828/2754 Low Aug 17 / 200-dma
  • SUP 2: 1.2728 Low Aug 11 and key support
  • SUP 3: 1.2685 76.4% retracement of the Jun 8 - Jul 14 upleg
  • SUP 4: 1.2596 2.0% 10-dma envelope

USDCAD maintains this week’s bullish theme and the pair is trading higher. Attention is on resistance at 1.2985, the Aug 5 high and the next key short-term hurdle for bulls. Clearance of this level would strengthen bullish conditions. On the downside, key support has been defined at 1.2728, the Aug 11 low where a break would reinstate a bearish threat and also highlight a breach of the 200-dma.