Free Trial

TECHS: Bulls Staging a Comeback?......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Staging a Comeback?
USDCAD trades back above 1.28 with bulls looking to fill the gap left around
1.29 following the recent NAFTA news. A break here targets the 100-dma at
1.3053, ahead of Sep highs at 1.3226 to change the short-term outlook. Bears
focus remains on channel base support at 1.2792, a break would see a large
topping pattern play out. Below here opens 1.2528/19 which represents the Apr 17
low & 76.4% retracement of the 2018 range.

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.