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FOREX

Little Meaningful Moves, USD Marginally Pressured

CHINA PRESS

PBOC To Remain Flexible In Its Open Market Operations

US TSYS

Flat Open

UK DATA

Jan BRC Uptick Masks Continued Fall in Real Retail Sales

JGB TECHS

(H3) More Stable After January Volatility

JGBS

Futures Lower Overnight, Nominal Wage Growth Surges

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USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.3808 High Nov 3 and a key resistance
  • RES 3: 1.3729 Trendline resistance drawn from the Oct 13 high
  • RES 2: 1.3571 High Nov 10
  • RES 1: 1.3361/1.3481 High Nov 11 / 50-day EMA
  • PRICE: 1.3267 @ 15:16 GMT Nov 14
  • SUP 1: 1.3236 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. Last Thursday’s sell-off resulted in a new multi-month low, reinforcing a bearish theme and marking an extension of the bearish price sequence of lower lows and lower highs. This tilts the balance further in favour of bears. A continuation lower would open 1.3205, a Fibonacci retracement. On the upside, key short-term resistance has been defined at 1.3571, the Nov 10 high.

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  • RES 4: 1.3808 High Nov 3 and a key resistance
  • RES 3: 1.3729 Trendline resistance drawn from the Oct 13 high
  • RES 2: 1.3571 High Nov 10
  • RES 1: 1.3361/1.3481 High Nov 11 / 50-day EMA
  • PRICE: 1.3267 @ 15:16 GMT Nov 14
  • SUP 1: 1.3236 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. Last Thursday’s sell-off resulted in a new multi-month low, reinforcing a bearish theme and marking an extension of the bearish price sequence of lower lows and lower highs. This tilts the balance further in favour of bears. A continuation lower would open 1.3205, a Fibonacci retracement. On the upside, key short-term resistance has been defined at 1.3571, the Nov 10 high.