Free Trial

TECHS: Symmetrical Triangle USDCAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Symmetrical Triangle
USDCAD comfortably holds above the 1.33 level, underpinned by the minor
retracement in oil futures. Bulls need a close above the 100-dma at 1.3331 to
change the outlook, opening a run at the Apr 5 high & triangle top resistance at
1.3403/12. On the downside bears need to clear the 55-dma at 1.3290, before
challenging the 50% fibo & triangle base support at 1.3224/20.

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.