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Free AccessTECHS: Now Approaching................>
DOLLAR-CANADA: TECHS: Now Approaching $1.3348-$1.3385 Resistance
*RES 4: $1.3494 1.618 swing of $1.3125-$1.2528
*RES 3: $1.3401 2% volatility band
*RES 2: $1.3377/85 50% $1.4692-$1.2061, 76.4% $1.3794-$1.2061
*RES 1: $1.3348 Jun 21 2017 high
*PRICE: $1.3325 @0938GMT
*SUP 1: $1.3265/75 Hourly support
*SUP 2: $1.3238 Jun 18 high, now support
*SUP 3: $1.3192 Hourly base Jun 18
*SUP 4: $1.3159 Jun 18 low
*COMMENTARY* The hold of key $1.2950 support last week has produced a
significant recovery, which has broken above the top of the 9 month bull
channel, at $1.3249 by time today. We now approach the Jun 2017 high at $1.3348
and then dual Fibo resistance from between $1.3377-$1.3385. As a consequence,
support rises to $1.3275-$1.3238 but it is the slightly lower $1.3192 area that
is currently more important. Above $1.3385 the 2% volatility band is at $1.3401.
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.