Trial now
USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

Looks Comfortable Lower

DOLLAR-CANADA
  • RES 4: 1.3646 High Jul 14 and key S/T resistance
  • RES 3: 1.3530/3600 50-day EMA / High Jul 20
  • RES 2: 1.3537 High Jul 21
  • RES 1: 1.3460/91 High Jul 30 / Low Jul 9
  • PRICE: 1.3363 @ 05:32 BST Aug 7
  • SUP 1: 1.3202 Low Feb 21
  • SUP 2: 1.3130 3.0% Lower Bollinger Band
  • SUP 3: 1.3089 2.0% 10-dma envelope
  • SUP 4: 1.3057 61.8% 2017 - 2020 Rally

USDCAD broke through the bear trigger at the Jun 10 low of 1.3316 early Wednesday, developing the downside theme and raising the likelihood of a test of the Dec31 2019 low at 1.2952. The next key support rests at 1.3202, the Feb 21 low. The formation of a so-called 'Death Cross' (50-dma < 200-dma) has worsened the outlook. Resistance remains at 1.3491, Jul 24 high.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com