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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.
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Free AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Bear Leg Extends
- RES 4: 1.2648 High Oct 6
- RES 3: 1.2551 50-day EMA
- RES 2: 1.2494 Low Sep 3 and a recent breakout level
- RES 1: 1.2410 High Oct 18
- PRICE: 1.2331 @ 07:00 BST Oct 21
- SUP 1: 1.2288 Intraday low
- SUP 2: 1.2253 Low Jun 23
- SUP 3: 1.2229 76.4% retracement of the Jun - Aug rally
- SUP 4: 1.2157 Low Jun 16
USDCAD remains in a bear cycle and continues to trade lower. A bearish theme follows the recent break of the Jul 30 low of 1.2422. This signals scope for an extension of the downleg and has opened 1.2253 next, the Jun 23 low. Note too that moving average conditions are in a bear mode and this reinforces current trend conditions. Initial firm resistance is seen at 1.2494, Sep 3 low. A break would ease bearish pressure.
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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.