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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.
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Free AccessKey S/T Support Intact For Now
- RES 4: 1.3009 High Dec 1 2020
- RES 3: 1.2964 High Dec 20 and a key resistance
- RES 2: 1.2924 High Dec 22
- RES 1: 1.2878 High Feb 24
- PRICE: 1.2738 @ 07:12 GMT Mar 2
- SUP 1: 1.2654/36 Low Mar 1 / Low Feb 10 and key S/T support
- SUP 2: 1.2560 Low Jan 26
- SUP 3: 1.2451/48 Low Jan 19 / 76.4% of the Oct - Dec rally
- SUP 4: 1.2387 Low Nov 10
USDCAD last week failed to hold onto recent highs and yesterday traded lower through the Monday session, before recovering. The move lower refocuses attention on near-term support at 1.2636, Feb 10 low and a key S/T level. A break would signal potential for a deeper sell-off. The recent focus has been bullish and an ability to remain above 1.2636 and resume gains, would again open the key resistance at 1.2964, the Dec 22 high.
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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.