MNI: PBOC Conducts Net CNY2 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0947 Mon; -4.91% Y/Y

MNI: China CFETS Yuan Index Up 0.05% In Week of Apr 3

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0947 MON VS 7.0949

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

Australia Feb Housing New Loan Commitments +1.5%

MNI BRIEF: Japan Feb Negative Real Wage Widens to -1.3%

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TECHS: Bearish Price Sequence Remains Intact

DOLLAR-CANADA
  • RES 4: 1.3347 High Aug 12
  • RES 3: 1.3294 20-day EMA
  • RES 2: 1.3272 High Aug 14 and key near-term resistance
  • RES 1: 1.3245 High Aug 20
  • PRICE: 1.3173 @ 06:13 BST Aug 24
  • SUP 1: 1.3133/19 Low Aug 19 / Low Jan 24
  • SUP 2: 1.3057 61.8% retracement of the 2017 - 2020 rally
  • SUP 3: 1.3036 Low Jan 22
  • SUP 4: 1.2970 2.0% 10-dma envelope

USDCAD remains bearish. The pair last week extended its move lower printing fresh cycle lows at 1.3133 on Aug 19. The current downtrend is reinforced by the bearish sequence of lower lows and lower highs that continues to dominate. Scope is seen for a move towards 1.3119, Jan 24 low and 1.3057, a Fibonacci retracement. Further out, the focus is on the Dec 31 2019 low of 1.2952. Key near-term resistance is at 1.3272, Aug 14 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign 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.