Free Trial

TECHS: Above 1.34 After failing to....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Above 1.34
After failing to move above 1.34 through April, the cross broke above the
pivotal level in spite of the recent moves higher in oil. This brings the
double-top resistance area back into view at 1.3465/70. Above here there is not
much in the way of major resistance to slow a move towards the December highs of
1.3665. On the downside, bears need to clear the 100-dma at 1.3339, while a
downside break of the 55-dma at 1.3317 would shift the outlook negative, opening
the March 19 low & triangle base at 1.3251/40.

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.