Free Trial

Early Bid Holds


ACGB May-32 Auction Digested Smoothly


ACGB May-32 Auction Results


(Z2) Broadly Flat on the Week


Resilient To Further Covid Headwinds

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

Fades Off Resistance

  • RES 4: 1.3024 38.2% retracement of the Mar ‘20 - Jan ‘21 bear cycle
  • RES 3: 1.2964 High Dec 20 and a key resistance
  • RES 2: 1.2924 High Dec 22
  • RES 1: 1.2901 High Mar 8
  • PRICE: 1.2828 @ 17:46 GMT Mar 9
  • SUP 1: 1.2707 50-day EMA
  • SUP 2: 1.2587 Low Mar 3
  • SUP 3: 1.2552 76.4% retracement of the Jan 19 - Feb 24 rally
  • SUP 4: 1.2499 Low Jan 21

The previously bullish tone in USDCAD faded Wednesday, with prices returning lower. The climb earlier in the week threatened the recent bearish theme, but prices faded ahead of key near-term resistance at 1.2878, the Feb 24 high that has been probed. Clearance of this level would be seen as a bullish short-term development and open 1.2964, the Dec 20 high and a key resistance. Weakness below 1.2587 is required to reinstate a bearish threat.

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.