Free Trial

TECHS: Consolidation Phase USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidation Phase
USDCAD holds below its 200-dma following Monday's key break. 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. On the topside, bulls need to clear 1.2900/20
before challenging 100-dma resistance at 1.3054, ahead of Sep highs at 1.3226.

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.