Free Trial

TECHS: Based Ahead of 100-dma.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Based Ahead of 100-dma
USDCAD based ahead of the 100-dma in early Europe, the broader dollar tone
underpinned with the recovery extending back through 1.3365. Bulls need to clear
1.34 to bring the 76.4% retracement level & Mar 11 high back into view at
1.3417/40. Above here opens a run at the Mar 7 high at 1.3468. Bears need a
close below 1.3304, before challenging the 50-dma & Mar 19 low at 1.3267/51.

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.