Free Trial

TECHS: Downtrend Intact Below.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downtrend Intact Below 129.00
A break back below 129.00 keeps the downtrend intact as bears continue to target
the 200-dma and channel base support at 1.2844/45. Below here opens the May 22
low at 1.2743. Up trendline support (now resistance) and the 100-dma at
1.2998/1.3002 will now act as resistance upon any rallies, with bulls needing a
close back above 1.30 to keep the potential bull flag formation alive.

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.