Free Trial

TECHS: Bulls Eye June Highs USDCAD...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Eye June Highs 
USDCAD continues to move higher towards the June ytd high at 1.3386 with
yesterdays gains coming despite a recovery in oil prices. A break above here
would open the bull flag breakout target up at 1.3500. Trendline support from
the Oct 1 low comes in at 1.3198. Bears need to break below the trendline and
21-dma which comes in just below at 1.3196 to challenge the Nov 16 low at
1.3127. Below here the 100-dma at 1.3075 would be the target.

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.