Free Trial

TECHS: Breaks Channel Top.............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Breaks Channel Top Resistance, Turned Support
USDCAD breached channel top resistance, turned support to further cement the
recent downtrend. Bears now target the Oct 10 low at 1.2927, before eyeing the
200-dma at 1.2893. Below here opens the 50% fibo of 2018 range at 1.2819, ahead
of the Oct 1 low at 1.2789. Bulls need to recover 1.30, before challenging the
100-dma & Oct 11 high at 1.3063/72.

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.