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MNI BRIEF: Investors Increasingly Eyeing Fiscal Policy -ECB VP

CANADA OCT FLASH RETAIL SALES +0.8%

MNI China Daily Summary: Friday, Nov 24

EZ/UK Bond Supply Calendar: EU-Bond Auct / BOE APF Op Monday

MNI: US NOV FLASH SERVICES PMI 50.8 (FCST 50.4); OCT 50.6

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Support Remains Intact - For Now

USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.129 1.382 proj of the Sep 19 - Oct 5 - Oct 10 price swing
  • RES 3: 1.4037 2.0% 10-dma envelope
  • RES 2: 1.3977 High Oct 13 2022 and a major resistance
  • RES 1: 1.3855/3899 High Nov 10 / 1 and the bull trigger
  • PRICE: 1.3681 @ 08:03 GMT Nov 15
  • SUP 1: 1.3670/29 50-day EMA / Low Nov 6
  • SUP 2: 1.3611 Trendline support drawn from the Jul 14 low
  • SUP 3: 1.3496 50.0% retracement of the Jul 14 - Nov 1 bull phase
  • SUP 4: 1.3417 Low Sep 29

USDCAD traded lower Tuesday. Despite yesterday’s pullback, the trend outlook is bullish and the pair remains above 1.3629, the Nov 6 low. Furthermore, moving average studies continue to highlight an uptrend and support around the 50-day EMA, at 1.3670, remains intact for now. A resumption of gains would open the bull trigger at 1.3899, the Nov 1 high. On the downside, a clear break of the 50-day EMA would be bearish.

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  • RES 4: 1.129 1.382 proj of the Sep 19 - Oct 5 - Oct 10 price swing
  • RES 3: 1.4037 2.0% 10-dma envelope
  • RES 2: 1.3977 High Oct 13 2022 and a major resistance
  • RES 1: 1.3855/3899 High Nov 10 / 1 and the bull trigger
  • PRICE: 1.3681 @ 08:03 GMT Nov 15
  • SUP 1: 1.3670/29 50-day EMA / Low Nov 6
  • SUP 2: 1.3611 Trendline support drawn from the Jul 14 low
  • SUP 3: 1.3496 50.0% retracement of the Jul 14 - Nov 1 bull phase
  • SUP 4: 1.3417 Low Sep 29

USDCAD traded lower Tuesday. Despite yesterday’s pullback, the trend outlook is bullish and the pair remains above 1.3629, the Nov 6 low. Furthermore, moving average studies continue to highlight an uptrend and support around the 50-day EMA, at 1.3670, remains intact for now. A resumption of gains would open the bull trigger at 1.3899, the Nov 1 high. On the downside, a clear break of the 50-day EMA would be bearish.