Free Trial

TECHS: Bulls Still Require A Close....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Still Require A Close Above 1.34 
Despite several attempts the 1.34 level remains intact on a closing basis and
bulls need to take out this level to open the Dec 6 high. Above here would bring
the bull flag back in play targeting 1.3500 ahead of the June 2 2017 high at
1.3547. For bears to regain control, a downside break of the 21-dma at 1.3301 is
required, shifting momentum to the Nov 16 low at 1.3127, ahead of the 100-dma &
Nov 2 low at 1.3098/3102.

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.