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Free AccessTECHS: 1.3144/45 pivotal..............>
DOLLAR-CANADA: TECHS: 1.3144/45 pivotal resistance:
*RES 4: 1.3286 High Jun 20
*RES 3: 1.3226 Low Jun 10
*RES 2: 1.3196 High Jun 26
*RES 1: 1.3144/45 High Jul 10 / High Jul 1 and key resistance
*PRICE: 1.3138 @ 05:14 GMT Jul 23
*SUP 1: 1.3016/15 Low Jul 19 / Low Oct 25 2018
*SUP 2: 1.3000 Psychological round number
*SUP 3: 1.2990 100-wma / 76.4% of the rally between Oct 1-Dec 31, 2018
*SUP 4: 1.2970 Low Oct 24, 2018
USDCAD has started the week on a firmer note as it pushes higher following the
bounce off last weeks low of 1.3016, the low of Jul 19. Attention for now
returns to the key resistance of 1.3144/45 where a break would likely fuel the
potential for a stronger corrective bounce. This would open 1.3196 and 1.3226 as
initial objectives. Momentum is firmer. A failure to clear 1.3144/45 is required
to keep bears in control and refocus sights on the recent lows.
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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.