Trial now
BTP TECHS

(U1) Needle Still Points North

ASIA RATES

China Repo Rates Creep Higher

GILT TECHS

(U1) Still Needs To Tackle Recent Highs

SCHATZ TECHS

(U1) Northbound

BOBL TECHS

(U1) Bullish Theme Dominates

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.2653 High Apr 21
  • RES 3: 1.2535 High Apr 22
  • RES 2: 1.2501 High May 4 and a key near-term resistance
  • RES 1: 1.2404/06 2.0% 10-dma env / 61.8% of Apr 21 - Jun1 sell-off
  • PRICE: 1.2372 @ 07:14 BST Jun 19
  • SUP 1: 1.2237 50-day EMA
  • SUP 2: 1.2161 20-day EMA
  • SUP 3: 1.2057/2007 Low Jun 7 / Low May 18
  • SUP 4: 1.2000 Psychological round number

USDCAD is holding onto this week's gains following strong gains Wednesday and Thursday. The break of 1.2203, May 6 high has confirmed a S/T reversal and the pair has also cleared the 50-day EMA, reinforcing current bullish conditions. This opens up scope for a climb towards 1.2406 and 1.2501, Fibonacci retracements. Note the 2.0% 10-dma envelope intersects at 1.2404. On the downside, initial support is seen at 1.2237, the 50-day EMA.