MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

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(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

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USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

US TSYS

Implied Vol Buoyed Post-NFP/ISM, Real Vol Delivered

US

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US STOCKS

Late Equity Roundup: Early Support Evaporates Ahead Weekend

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USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.3808 High Nov 3
  • RES 3: 1.3763 Trendline resistance drawn from the Oct 13 high
  • RES 2: 1.3571 High Nov 10
  • RES 1: 1.3490 50-day EMA
  • PRICE: 1.3266 @ 15:58 GMT Nov 11
  • SUP 1: 1.3257 Low Nov 11
  • SUP 2: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
  • SUP 3: 1.3139 Low Sep 14
  • SUP 4: 1.3023 76.4% retracement of the Aug 11 - Oct 13 rally

USDCAD maintains a bearish theme and Thursday’s sell-off resulted in a new multi-month low. This tilts the balance further in favour of bears. A continuation lower signals scope for a test of 1.3205, a Fibonacci retracement. On the upside, key short-term resistance has been defined at 1.3571, Thursday’s high.

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  • RES 4: 1.3808 High Nov 3
  • RES 3: 1.3763 Trendline resistance drawn from the Oct 13 high
  • RES 2: 1.3571 High Nov 10
  • RES 1: 1.3490 50-day EMA
  • PRICE: 1.3266 @ 15:58 GMT Nov 11
  • SUP 1: 1.3257 Low Nov 11
  • SUP 2: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
  • SUP 3: 1.3139 Low Sep 14
  • SUP 4: 1.3023 76.4% retracement of the Aug 11 - Oct 13 rally

USDCAD maintains a bearish theme and Thursday’s sell-off resulted in a new multi-month low. This tilts the balance further in favour of bears. A continuation lower signals scope for a test of 1.3205, a Fibonacci retracement. On the upside, key short-term resistance has been defined at 1.3571, Thursday’s high.