Free Trial

TECHS: 50-dma Next Upside Target......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 50-dma Next Upside Target
Some USD strength has helped steer USDCAD away from the 100-dma at 1.3236 which
has provided firm support on a closing basis on several occasions this week. The
50-dma at 1.3352 provides the next target to the upside and a move above here
opens up Jan 25 high and the 50% retracement of 1.2062-1.4690 at 1.3376. The
bearish argument will pick up momentum on a downside break of the 200-dma at
1.3144, ahead of up trendline support & the ytd low at 1.3079/69.

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.