Free Trial

TECHS: Back Above 200-DMA.............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Back Above 200-DMA
Broad-based dollar strength has seen USDCAD break back above its 200-dma at
1.2873 as the Sep 21 low at 1.2886, now acting as resistance, comes under
pressure. A close back above here would open the 100-dma at 1.3055 ahead of the
Sep highs of 1.3226. Bears need to retake the 200-dma to keep hopes of a topping
pattern alive. 

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.