Free Trial

TECHS: Focus Returns To Long-Term.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Focus Returns To Long-Term Uptrend
USDCAD has rebounded strongly from its 100-dma at 1.2963, with yesterday's gains
above 1.3040 creating a bullish reversal pattern. The rebound also maintains the
bullish trend developed since January. A break above the 1.3096 level would add
to the bullish signals, with gains through the 1.3116 pivotal level needed to
confirm that a sustained recovery is developing. A break below 1.2962 would now
be needed to trigger a bearish signal.

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.