© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSY FUTURES

BLOCK, 5Y Buy

ARGENTINA

May Trade Surplus Narrower Than Estimates

EURJPY TECHS

Attention Is On The Bull Trigger

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Remains Above Tuesday’s Low

USDCAD TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 1.3116 2.0% 10-dma envelope
  • RES 3: 1.3091 High Nov 24 2020
  • RES 2: 1.3077 High May 16 and the bull trigger
  • RES 1: 1.2896/2982 High May 18 / High May 16
  • PRICE: 1.2787 @ 17:41 BST May 26
  • SUP 1: 1.2767/65 50-day EMA / Low May 24
  • SUP 2: 1.2714 Low May 5 and a key support
  • SUP 3: 1.2568 Low Apr 22
  • SUP 4: 1.2459 Low Apr 21

USDCAD continues to trade closer to its recent lows. The latest move down is considered corrective and the broader trend outlook remains bullish. Recent gains resulted in a breach of 1.2914, May 2 high, and 1.2964, the Dec 20 2021 high. The break of the latter marks an important medium-term bullish development. Key support to watch is at 1.2714, May 5 low. A break would alter the short-term outlook.

135 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.3116 2.0% 10-dma envelope
  • RES 3: 1.3091 High Nov 24 2020
  • RES 2: 1.3077 High May 16 and the bull trigger
  • RES 1: 1.2896/2982 High May 18 / High May 16
  • PRICE: 1.2787 @ 17:41 BST May 26
  • SUP 1: 1.2767/65 50-day EMA / Low May 24
  • SUP 2: 1.2714 Low May 5 and a key support
  • SUP 3: 1.2568 Low Apr 22
  • SUP 4: 1.2459 Low Apr 21

USDCAD continues to trade closer to its recent lows. The latest move down is considered corrective and the broader trend outlook remains bullish. Recent gains resulted in a breach of 1.2914, May 2 high, and 1.2964, the Dec 20 2021 high. The break of the latter marks an important medium-term bullish development. Key support to watch is at 1.2714, May 5 low. A break would alter the short-term outlook.