Free Trial
AUDUSD TECHS

Key Support Still Exposed

INR

RBI Intervention Continues

EURJPY TECHS

The 144.25 Bull Trigger Remains Exposed

EUROZONE ISSUANCE

EGB Supply For W/C June 20, 2022 (2/2)

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

Bullish Price Structure

USDCAD TECHS
  • RES 4: 1.3338 38.2% of the 2020 - 2021 bear leg
  • RES 3: 1.3192 1.00 proj of the Apr 5 - May 12 - Jun 8 price swing
  • RES 2: 1.3113 High Nov 23 2020
  • RES 1: 1.3079 High May 17 and a bull trigger
  • PRICE: 1.2956 @ 07:05 BST Jun 23
  • SUP 1: 1.2861 Low Jun 16
  • SUP 2: 1.2837 20-day EMA
  • SUP 3: 1.2789 50-day EMA
  • SUP 4: 1.2681 Low Jun 10

The USDCAD outlook is bullish and price is trading closer to recent highs. The pair cleared 1.3000 last week and the rally also resulted in a print above key resistance at 1.3077, the May 16 high and a bull trigger. A clear break of 1.3077 would confirm a resumption of the uptrend and pave the way for strength towards 1.3113, the Nov 23 2020 high. Initial firm support is at 1.2837, the 20-day EMA.

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: 1.3338 38.2% of the 2020 - 2021 bear leg
  • RES 3: 1.3192 1.00 proj of the Apr 5 - May 12 - Jun 8 price swing
  • RES 2: 1.3113 High Nov 23 2020
  • RES 1: 1.3079 High May 17 and a bull trigger
  • PRICE: 1.2956 @ 07:05 BST Jun 23
  • SUP 1: 1.2861 Low Jun 16
  • SUP 2: 1.2837 20-day EMA
  • SUP 3: 1.2789 50-day EMA
  • SUP 4: 1.2681 Low Jun 10

The USDCAD outlook is bullish and price is trading closer to recent highs. The pair cleared 1.3000 last week and the rally also resulted in a print above key resistance at 1.3077, the May 16 high and a bull trigger. A clear break of 1.3077 would confirm a resumption of the uptrend and pave the way for strength towards 1.3113, the Nov 23 2020 high. Initial firm support is at 1.2837, the 20-day EMA.