Free Trial

Fixed Rate Operation Offer


ACGB Nov-33 Supply Smoothly Digested


ACGB Nov-33 Auction Results


USD/CNH Pushing Higher Ahead Of CNY Fixing


Steepening Pressure Remains Evident

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

Bull Cycle Intact

  • RES 4: 1.3173 High Nov 13 2020
  • RES 3: 1.3126 2.0% 10-dma envelope
  • RES 2: 1.3091 High Nov 24 2020
  • RES 1: 1.3052 High May 10
  • PRICE: 1.3009 @ 07:00 BST May 11
  • SUP 1: 1.2914/2814 High May 2 / Low May 6
  • SUP 2: 1.2714/2701 Low May 5 / 50-day EMA
  • SUP 3: 1.2568 Low Apr 22
  • SUP 4: 1.2459 Low Apr 21

USDCAD traded higher again Tuesday. This week’s gains have resulted in a breach of resistance at 1.2914, May 2 high, and key resistance at 1.2964, the Dec 20 2021 high. The break of the latter level marks an important medium-term bullish technical development and reinforces the broader bullish outlook. This has opened 1.3126 next, the upper band of a MA envelope. Initial support is seen at 1.2914. Key support lies at 1.2714, the Apr 29 low.

To read the full story

Why Subscribe to

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.