Free Trial

TECHS: Medium-Term Uptrend At Risk....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Medium-Term Uptrend At Risk
Bears have the momentum to start the week following Friday's large down move,
which has taken the attention away from channel resistance and put it firmly on
up trendline support from the February low and 100-dma at 1.2992. A break below
here would suggest further medium-term downside. A break above 1.3160 is needed
to turn the outlook bullish and would likely confirm a bull flag formation,
accelerating gains.

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.