Free Trial

BLOCK, Late 5Y Sale


Bearish Threat Remains Present


$2.25B Rabobank 2Pt Launched

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
  • RES 4: 1.3272 High Aug 14 and a key resistance
  • RES 3: 1.3245 High Aug 20 and key intraday resistance
  • RES 2: 1.3236 20-day EMA
  • RES 1: 1.3133 Low Aug 19 and recent breakout level
  • PRICE: 1.3057 @ 16:30 BST Aug 31
  • SUP 1: 1.3023 1.0% 10-dma Envelope
  • SUP 2: 1.3023 Low Aug 31
  • SUP 3: 1.3000 Round number support
  • SUP 4: 1.2976 Low Jan 8

USDCAD remains bearish and Friday hit yet another fresh cycle low at 1.3023. Continued selling pressure confirms a resumption of the downtrend and extends the bearish price sequence of lower lows and lower highs that continues to dominate. With further bearish pressure likely, attention is on 1.3000 next, psychological support. Further out, the focus is on the Dec 31 2019 low of 1.2952. Initial resistance is at 1.3133. Bearish!

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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.