Free Trial

TECHS: 50-DMA Resistance Holds Firm...>

DOLLAR-CANADA: TECHS: 50-DMA Resistance Holds Firm 
The failure to break back above its 50-dma yesterday saw the pair slip below
Monday's low on a closing basis, giving bears the near-term edge to target the
200-dma at 1.2881. Below here would strengthen the case for a large topping
pattern. Bulls need to break above the 50-dma at 1.3015 to challenge the Sep 27
high and attempt to turn the downtrend channel from the June highs into a bull

To read the full story



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.