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Free AccessTECHS: Looking for a 1.3300+ close:...>
DOLLAR-CANADA: TECHS: Looking for a 1.3300+ close:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3310 High Sep 18 and bull trigger
*PRICE: 1.3275 @ 05:14 GMT Sep 23
*SUP 1: 1.3241 Low Sep 18
*SUP 2: 1.3206 Low Sep 13
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and key support
The recovery in USDCAD established off the low of Sep 10 remains intact. Focus
for bulls remains on the potential for a close above 1.3300 and clearance of
1.3310. This would further cement the bullish outlook and open 1.3345, the high
of Sep 4 and 1.3383, Sep 3 high. Momentum studies continue to point north and
moving average studies are bullish too. Support has been defined at 1.3206, Sep
13 low. A breach would re-open 1.3134, Sep 10 low instead.
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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.