MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Attention Is On The 50-day EMA

USDCAD TECHS
  • RES 4: 1.2763 High Feb 12
  • RES 3: 1.2749 High Feb 26 and the bull trigger
  • RES 2: 1.2700 High Mar 8
  • RES 1: 1.2637/47 50-day EMA / High Mar 30
  • PRICE: 1.2597 @ 06:47 GMT Apr 1
  • SUP 1: 1.2516 Low Mar 23
  • SUP 2: 1.2462 Low Mar 19
  • SUP 3: 1.2365 Low Mar 18 and the bear trigger
  • SUP 4: 1.2336 1.00 proj of the Jan 28 - Feb 25 - Feb 26 price swing

The recent USDCAD recovery remains intact despite yesterday's pullback. Although the move higher is considered corrective, the current bullish tone signals scope for an extension of the upleg. The pair has traded above the 20-day EMA and the focus is on the 50-day EMA at 1.2637 which was probed earlier this week. On the downside, initial firm support is seen at 1.2516, Mar 23 low. A break would refocus attention on the key 1.2365 level.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.