Free Trial

TECHS: Downside Momentum USDCAS has...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downside Momentum
USDCAS has pulled back further from Wednesday' highs with bears now looking to
target the 1.34 level to shift the momentum to the downside. Below here lies the
100/55-dma at 1.3344/33 with a break opening the March 19 low & triangle base at
1.3251/48. Bulls look to recover the April 24 high at 1.3521 ahead of the 76.4%
retracement level of the Dec - Jan fall at 1.3524. Above here would put the
focus back on the Dec 31 high at 1.3665. 

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.