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Free AccessTECHS: Longer-term Outlook Positive...>
DOLLAR-CANADA: TECHS: Longer-term Outlook Positive
USDCAD above 1.30 keeps the short-term outlook neutral albeit within a broader
positive trend. Bulls initially need to recover the 50-dma at 1.3080 and 50%
retracement level at 1.3101 to return the focus to the upside and extend
longer-term gains. Bears target the 200-dma and channel base support at
1.2864/46, a break of which would suggest a large topping pattern is unfolding.
To read the full story
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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.