Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
DOLLAR-CANADA: TECHS: Rally Capped By 1% Volatility Band, $1.2651 Support
*RES 4: $1.2815 1.618 swing of $1.2753-$1.2653
*RES 3: $1.2776/86 1% vol band, 61.8% Fibo of $1.3016-$1.2414
*RES 2: $1.2753/55 Aug 11 high, 1.618 swing $1.2715-$1.2651
*RES 1: $1.2730 Hourly resistance
*PRICE: $1.2700 @1616GMT
*SUP 1: $1.2651/53 Aug 8, Aug 11 lows
*SUP 2: $1.2619/29 Aug 3 high, Aug 7 low
*SUP 3: $1.2592 Initial rally high Aug 3, now support
*SUP 4: $1.2554 Previously broken 2 month res line
*COMMENTARY* The recovery from the month's $1.2414 low continued on Friday,
breaking above the next marker of note, the 50% Fibo retrace level at $1.2715
but faltering on the approach to the swing target at $1.2755 and the upper 1%
volatility band at the time. Overbought near term as a result, support moves up
to Tuesday's $1.2651 low. Would anticipate this to hold any setbacks now, if
rally to continue at this juncture.