MNI BRIEF: BOJ Consumption Index Falls

MNI: PBOC Net Injects CNY2 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Thurs; -4.28% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1028 THURS VS 7.1016

MNI: BRAZIL'S COPOM CUTS SELIC RATE BY 25BP TO 10.5%

INDON Sov Curve Steepens, BI Gov Hint At No Further Hikes

MNI: CHINA APR EXPORTS +5.1% Y/Y IN YUAN TERM: CUSTOMS

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rally Extends

USDCAD TECHS
  • RES 4: 1.3449 61.8% retracement of the May 26 - Jun 27 downleg
  • RES 3: 1.3427 High Jun 7
  • RES 2: 1.3401 50-dma
  • RES 1: 1.3386 50.0% retracement of the May 26 - Jun 27 downleg
  • PRICE: 1.3373 @ 08:09 BST Jul 7
  • SUP 1: 1.3280 20-day EMA
  • SUP 2: 1.3203 Low Jul 4 and a key short-term support
  • SUP 3: 1.3117 Low Jun 27 and the bear trigger
  • SUP 4: 1.3084 1.618 proj of the Apr 28 - May 8 - May 26 price swing

USDCAD traded sharply higher yesterday. The pair has managed to push through resistance at the 20- and 50-day EMAs. The latest recovery still appears to be a correction, however, the strong rally yesterday suggests scope for and continuation higher near-term potentially towards 1.3449, a Fibonacci retracement point. Initial key short-term support has been defined at 1.3203, the Jul 4 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.