Free Trial

TECHS: Oil Underpinning CAD Firmer....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Underpinning CAD
Firmer oil prices underpinned CAD to hold near the base of its daily range.
Bears target a downside break of the Feb 13 low at 1.3196. Below here would open
the 200-dma at 1.3149 ahead of up trendline support & the ytd low at
1.3104/1.3069. Bulls look to take out the Feb 14 high & 50-dma at 1.3340/47 to
shift the outlook positive.

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.