Free Trial

(U2) Off Lows, But Still Fragile


Firmer Overnight

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
DOLLAR-CANADA: TECHS: Correction Or A Reversal?
*RES 3: 1.3500 Round number resistance
*RES 2: 1.3465 High Feb 28 and key resistance
*RES 1: 1.3441 High Mar 2
*PRICE: 1.3372 @ 17:52 GMT Mar 3
*SUP 1: 1.3315 Low Mar 2
*SUP 2: 1.3267 Low Feb 25
*SUP 3: 1.3244 Trendline support drawn off the Jan 7 low
After trading sharply lower Monday, extending the pullback off Friday's high of
1.3465, USD/CAD is now falt. Whether a reversal is unfolding is too early to
tell and attention shifts to support at 1.3317 which was probed briefly Monday.
A clear break would open 1.3267, Feb 25 low ahead of the key trendline support
at 1.3244. The trendline is drawn off the Jan 7 low. A breach of the trendline
would be bearish. On the upside, key resistance and the bull trigger is at

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.