Free Trial

TECHS: Bears Continue Their Charge ...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Continue Their Charge 
The bears continue their charge following Monday's break of the key 1.30 level
with the 200-dma now the next downside target at 1.2843. Up trendline support
(now resistance) and the 100-dma at 1.2998 will now act as resistance. A break
above 1.3160 is needed to turn the outlook bullish and would likely confirm a
bull flag formation, re-establishing the broader bullish trend. 

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.