Free Trial

TECHS: Lacks Follow Through Above.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Lacks Follow Through Above 55-WMA
*RES 4: $1.3043 - High June 29 now support
*RES 3: $1.2961 - Daily Bull channel top
*RES 2: $1.2915 - Monthly Highs Oct & Dec 2017
*RES 1: $1.2874 - 55-WMA
*PRICE: $1.2862 @ 1030GMT
*SUP 1: $1.2828 - Hourly support Mar 1 
*SUP 2: $1.2778 - High Feb 27 now support 
*SUP 3: $1.2733 - Hourly support Feb 27 
*SUP 4: $1.2669 - Low Feb 27
*COMMENTARY: The recovery from dips below the 100-DMA ($1.2645) now sees bullish
focus on the $1.2915-61 region where repeated attempts to break higher from late
Oct -Dec failed and the daily bull channel top is situated. Bulls now need a
close above $1.2915 to shift focus to $1.3168-1.3215 with above $1.3043 to
confirm. Bears now need a close below $1.2733 to confirm an easing of bullish
pressure and shift focus back to $1.2592-1.2645

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.