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India’s Coal Demand Yet To Peak


Expiries for Nov10 NY cut 1000ET (Source DTCC)

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DOLLAR-CANADA: TECHS: Keeping pressure on range top :
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3346/55 High Aug 20 / 61.8% retracement of the May 31 - Jul 19 decline
*PRICE: 1.3316 @ 16:17 GMT Aug 23
*SUP 1: 1.3251 Low Aug 19
*SUP 2: 1.3185 Low Aug 13
*SUP 3: 1.3178 Low Aug 5
*SUP 4: 1.3106 Low Jul 31
USDCAD has seen volatile trading activity within the recent trading range.
However, the focus is being kept on the upper end of the range where resistance
at the 1.3345 high continues to be tested. The 61.8% retracement of the May 31 -
July 19 decline is also at 1.3355. A move above here would reinforce a bullish
theme & open 1.3432, allowing for an extension of the uptrend that has been in
place since Jul 19. Initial support lies at 1.3251, Monday's low.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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