Free Trial

TECHS: Bullish Breakout The bullish...>

DOLLAR-CANADA: TECHS: Bullish Breakout
The bullish breakout through channel top & 55-dma resistance confirms the trend
with four consecutive up days and gains of over 2%. Bulls target the July 20
high at 1.3290, a break here opens the potential of a rally to 1.34. Bears need
a break of 1.2900 to re-establish the downtrend and target the 200-dma and
channel base support at 1.2849/46. Below here opens the May 22 low at 1.2743.

To read the full story



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.