Free Trial

TECHS: 55-DMA Holds As Support........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 55-DMA Holds As Support
USDCAD briefly saw a drop below the 1.33 level yesterday before the 55-dma
provided some support, allowing a recovery of this level as well as the 100-dma
at 1.3330. The outlook is now neutral with bulls looking to recover Friday's
high at 1.3403 to improve the outlook. On the downside bears need to break below
the 55-dma at 1.3290 with a close below here opening the 50% fibo & trendline
support at 1.3224/17. 

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.