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EURCAD breached long-term trendline support...>

FOREX
FOREX: EURCAD breached long-term trendline support drawn off the Apr 2015 lows,
highlighted in an MNI Analysis email on Jul 4 - 1143BST. Since the bearish MA
crossover (50 below 100), the cross has registered losses in seven of the last
nine sessions with the corrective pullback extending through the 61.8% fibo of
the Feb 2017 low - March 2018 high to multi-month lows of C$1.4663. Next support
is seen at 1.4636 from the Oct 5 2017 low.
- Risk factor - Technical indicators are heavily oversold with the RSI at 25,
its lowest level since August 2018.    

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