Free Trial
US TSYS

Positive Start to New Quarter

USDCAD TECHS

Path Of Least Resistance Remains Down

US TSYS

Eurodollar/Tsy Option Roundup

AUDUSD TECHS

Consolidation Mode

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

Bearish Having Cleared The 2019 Low

USDCAD TECHS
  • RES 4: 1.3300 High Nov 4
  • RES 3: 1.3215 50-day EMA
  • RES 2: 1.3178 High Nov 5
  • RES 1: 1.3081 Low Oct 21
  • PRICE: 1.2999 @ 17:01 GMT Nov 10
  • SUP 1: 1.2929/17 Low Nov 9 / Low Oct 16, 2018
  • SUP 2: 1.2912 2.0% 10-dma envelope
  • SUP 3: 1.2857 Low Oct 4, 2018
  • SUP 4: 1.2783 Low Oct, 1 2018 and a key support

USDCAD traded lower Monday extending the most recent sell-off from 1.3390, Oct 29 high. More importantly, the pair fell solidly through the Dec 31 2019 lows, hitting the lowest level since mid-2018 in the process. Various levels of support, most notably 1.2952, the Dec 2019 low gave way Monday. This reinforces the bearish them and opens 1.2917 and 1.2857, the Oct 16 and Oct 4, 2018 lows respectively. 1.3081 is seen as a firm resistance.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.