Free Trial

TECHS: Resting on 100-dma Support.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Resting on 100-dma Support
Oil tied CAD extended the corrective pullback through the 100-dma (not closed
below since Apr 12) to 1.3346, before up trendline support off the Oct 1 2018
low cushioned falls. The 100-dma comes in today at 1.3351, below here opens the
38.2% retracement & cloud base at 1.3328/17. Bulls look to reclaim the congested
resistance zone of 1.3363-76, before switching focus to 1.3400, followed by the
50-DMA at 1.3416.

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.