Free Trial

TECHS: Consolidation Phase USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidation Phase
USDCAD resumes its uptrend underpinned by the bull flag formation to consolidate
above the Sep 6 high at 1.3226. A break opens a move toward the double-top
resistance area at 1.3290, ahead of the June ytd high at 1.3386. Bears need a
close below the 100-dma at 1.3068 to shift focus back to the downside, bringing
the Oct 25 low into view at 1.3015, ahead of the 200-dma at 1.2966.

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.