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Free AccessTECHS: Sideways: *RES 4: 1.3432.......>
DOLLAR-CANADA: TECHS: Sideways:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3310 High Sep 18 and bull trigger
*PRICE: 1.3270 @ 04:45 GMT Sep 27
*SUP 1: 1.3232 Low Sep 24 and Sep 26
*SUP 2: 1.3206 Low Sep 13
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and key support
No change still in USDCAD as the pair consolidates. The recovery established off
the low of Sep 10 remains intact. Focus for bulls is on the potential for a
close above 1.3300 and a break of 1.3310. This would further cement the bullish
outlook and open 1.3345, the high of Sep 4 and 1.3383, Sep 3 high. Momentum
studies continue to point north and moving average studies are bullish too
highlighting a positive uptrend reading. Support lies at 1.3206, Sep 13 low.
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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.