Free Trial

TECHS: 200-DMA Remains The Focus......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 200-DMA Remains The Focus
USDCAD bounced off its 200-dma yesterday but the bounce has been shallow with
the pair failing to regain the 1.32 level which keeps the focus on the downside.
Below the 200-dma at 1.3154 would open up trendline support & the ytd low at
1.3111/1.3069. Bulls need to clear the Feb 14 high & 50-dma at 1.3340/39 to
regain the upper hand.

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.