Free Trial
STIR

BLOCKs, More Mixed SOFR Trade

EURUSD TECHS

Bull Cycle Meets First Test

OPTIONS

Limited Bund Trade To End The Week

OPTIONS

Larger FX Option Pipeline

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

Fresh Trend High

USDCAD TECHS
  • RES 4: 1.3765 3.0% 10-dma envelope
  • RES 3: 1.3716 High Jun 26 2020
  • RES 2: 1.3702 2.382 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 1: 1.3696 High Sep 26
  • PRICE: 1.3662 @ 15:39 BST Sep 26
  • SUP 1: 1.3468/3358 Low Sep 23 / 21
  • SUP 2: 1.3232 20-day EMA
  • SUP 3: 1.3079 50-day EMA
  • SUP 4: 1.2954 Low Sep 13

USDCAD maintains a clear bullish tone and the pair traded higher again Monday. The extension reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. Moving average studies are in a bull mode position, highlighting current market sentiment. Sights are set on 1.3651 next, a Fibonacci retracement. On the downside, initial firm support is at 1.3232, the 20-day EMA.

125 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: 1.3765 3.0% 10-dma envelope
  • RES 3: 1.3716 High Jun 26 2020
  • RES 2: 1.3702 2.382 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 1: 1.3696 High Sep 26
  • PRICE: 1.3662 @ 15:39 BST Sep 26
  • SUP 1: 1.3468/3358 Low Sep 23 / 21
  • SUP 2: 1.3232 20-day EMA
  • SUP 3: 1.3079 50-day EMA
  • SUP 4: 1.2954 Low Sep 13

USDCAD maintains a clear bullish tone and the pair traded higher again Monday. The extension reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. Moving average studies are in a bull mode position, highlighting current market sentiment. Sights are set on 1.3651 next, a Fibonacci retracement. On the downside, initial firm support is at 1.3232, the 20-day EMA.