MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TECHS: Accelerates Higher And Breaches The 50-dma

DOLLAR-CANADA
  • RES 4: 1.3460 High Jul 30
  • RES 3: 1.3399 High Aug 7
  • RES 2: 1.3389 23.6% retracement of the Mar - Sep downtrend
  • RES 1: 1.3346 Intraday high
  • PRICE: 1.3316 @ 16:45 BST Sep 22
  • SUP 1: 1.3171 Low Sep 21
  • SUP 2: 1.3119 Low Sep 10 and key near-term support
  • SUP 3: 1.3038 Low Sep 2
  • SUP 4: 1.2994/76 Low Sep 1 and the bear trigger / Low Jan 8

USDCAD remains bullish. The break higher yesterday confirms a short-term corrective cycle. The breach of resistance at 1.3259, Sep 9 high marks a resumption of the recovery that started on Sep 1. Furthermore price has cleared the 50-day EMA and a continued erosion of this average would strengthen the current bullish argument. The focus is on 1.3399, Aug 7 high. On the downside, 1.3119, Sep 10 low marks the firm near-term support.

BulletForeign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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.