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USDCAD TECHS

Rally Fades, But Strong Weekly Gains

AUDUSD TECHS

Bears Threat Remains Present

US TSY OPTIONS

Late SOFR/Treasury Option Roundup

COMMODITIES

Weaker Dollar Lifts Major Prices With Gold Through Key Resistance

MNI EXCLUSIVE

St Louis Fed Director On Inflation, Growth

EURJPY TECHS

Needle Points North, Despite Friday Pullback

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Pierces Support

USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.3751 High Nov 4
  • RES 3: 1.3705 Dec 16 and the bull trigger
  • RES 2: 1.3665 High Jan 6
  • RES 1: 1.3446/3521 20-day EMA / High Jan 19
  • PRICE: 1.3351 @ 16:53 GMT Jan 26
  • SUP 1: 1.3304 Low Jan 26
  • SUP 2: 1.3226 Low Nov 15 and bear trigger
  • SUP 3: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
  • SUP 4: 1.3131 0.764 proj of the Oct 13 - Nov 15 - Dec 16 price swing

USDCAD bearish trend conditions have been reinforced. The move lower today has resulted in a print below initial support at 1.3322, the Jan 13 low. A clear break of this level would signal scope for 1.3226, the Nov 13 low and the bear trigger. Moving average studies are in a bear mode position, highlighting a downtrend. On the upside, the pair needs to clear 1.3521 to signal a reversal.

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  • RES 4: 1.3751 High Nov 4
  • RES 3: 1.3705 Dec 16 and the bull trigger
  • RES 2: 1.3665 High Jan 6
  • RES 1: 1.3446/3521 20-day EMA / High Jan 19
  • PRICE: 1.3351 @ 16:53 GMT Jan 26
  • SUP 1: 1.3304 Low Jan 26
  • SUP 2: 1.3226 Low Nov 15 and bear trigger
  • SUP 3: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
  • SUP 4: 1.3131 0.764 proj of the Oct 13 - Nov 15 - Dec 16 price swing

USDCAD bearish trend conditions have been reinforced. The move lower today has resulted in a print below initial support at 1.3322, the Jan 13 low. A clear break of this level would signal scope for 1.3226, the Nov 13 low and the bear trigger. Moving average studies are in a bear mode position, highlighting a downtrend. On the upside, the pair needs to clear 1.3521 to signal a reversal.