Free Trial

TECHS: CAD Gaining Strength USDCAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: CAD Gaining Strength
USDCAD closed firmly below its 200-dma on Friday (1.3129) which brings up
trendline support from the Feb 2018 lows into view at 1.3060. Below here would
suggest a run at the psychological 1.30 level ahead of a potential run at the
Oct low under 1.28. Bulls need to recover the 200-dma to stabilise the outlook
while a break above the 100-dma at 1.3212 would suggest a resumption of the
broader uptrend targeting the 1.33 level.

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.