Free Trial

Finds Support

USDCAD TECHS
  • RES 4: 1.2749 High Feb 26 and key resistance
  • RES 3: 1.2700 High Mar 8
  • RES 2: 1.2647 High Mar 30 and the short-term bull trigger
  • RES 1: 1.2624 High Apr 20
  • PRICE: 1.2602 @ 06:52 BST Apr 21
  • SUP 1: 1.2557 20-day EMA
  • SUP 2: 1.2471 Low Apr 19
  • SUP 3: 1.2462 Low Mar 19
  • SUP 4: 1.2365 Low Mar 18 and the bear trigger

USDCAD rallied yesterday and is again trading closer to the upper end of its recent price range. Key short term support has been defined at 1.2471, Apr 19 low where a break is required to suggest scope for a deeper pullback and open 1.2365, Mar 18 low and the bear trigger. For bulls, the recovery refocuses attention on the key resistance and bull trigger at 1.2647, Mar 30 high. A break would reinstate a bullish theme.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.