Free Trial

TECHS: Steering Clear of Layer of.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Steering Clear of Layer of DMAs
The pair bounced convincingly Wednesday and extended the recovery Thursday,
prompting bulls to eye a close above 1.3450 in order to cement the uptrend. This
would challenge the previously hard to overcome 1.3475/80 area. Above here opens
a run at 1.35, ahead of the Apr 24 high at 1.3521. Bears need a close under the
100-dma at 1.3346 to regain control. Below here opens a move toward the 1.33
handle, ahead of the Apr 17 low at 1.3275.

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.