Free Trial

TECHS: CAD Benefits From Strong GDP...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: CAD Benefits From Strong GDP
CAD benefited from the strong domestic GDP release, the sharp reversal back
under 1.34, extended through 1.3350. Bears need a close below the 100-dma at
1.3321 to stabilise the outlook, opening the Mar 19 low & cloud base at
1.3251/34. Bulls look to recover the 1.34 handle, before putting the focus back
on the double-top resistance area at 1.3465/70.

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.