Free Trial

TECHS: 50-, 100-dmas Back In Play.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 50-, 100-dmas Back In Play
The pair sticks to its recent range, recouping the 200-dma last week and keeping
bullish focus on the 50-dma at 1.31018 ahead of the 100-dma at 1.3058. A move
above here targets the Sep highs at 1.3226 which would reignite potential for a
bull flag breakout. Bears need to press back through the 200-dma and challenge
1.2800 to keep hopes of a topping pattern alive.

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.