MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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: Bearish Threat Present Despite Bounce

DOLLAR-CANADA
  • RES 4: 1.3646 High Jul 14 and key S/T resistance
  • RES 3: 1.3582/3600 50-day EMA / High Jul 20
  • RES 2: 1.3537 High Jul 21
  • RES 1: 1.3460/91 High Jul 30 / Low Jul 9
  • PRICE: 1.3421 @ 10:56 BST Jul 31
  • SUP 1: 1.3331 Low Jul 28
  • SUP 2: 1.3316 Low Jun 10 and bear trigger
  • SUP 3: 1.3235 Low Feb 24
  • SUP 4: 1.3267 Low Feb 25

USDCAD is still vulnerable despite yesterday's recovery. Recent bearish price action cleared key support at 1.3486, Jun 23 low. This confirmed the end of the broad sideways move that had dominated since mid-June. The former support at 1.3398 Jun 11 low has also been cleared, reinforcing a bearish threat. The break opens 1.3316, Jun 10 low where a breach would expose 1.3202, Feb 21 low. Resistance is at 1.3491, Jul 24 high.

Homepagemarkets-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.