Free Trial

TECHS: 100-DMA Next Downside Target...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 100-DMA Next Downside Target
CAD bulls are looking to make it six days of gains in a row as the pair
continues its reversal. The 100-dma & Dec 3 low at 1.3179/60 are the next
downside targets ahead of the 200-dma at 1.3081. Bulls need to recover the 50%
retracement level & broken channel base at 1.3505/07 to change the outlook,
returning the focus to the Dec 31 high at 1.3665.

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.