Free Trial

TECHS: Triangle Top, Holding For......>

DOLLAR-CANADA: TECHS: Triangle Top, Holding For Now
USDCAD remains locked in a rising wedge chart pattern with the May 9 high &
triangle top at 1.3500/05 proving hard to overcome. A break here is needed to
challenge the Apr 24 high at 1.3521, before putting the focus back on the Jan
highs. Support is located from the 55-dma & May 1 low at 1.3385/77, a break
opens the cloud top & 100-dma at 1.3367/41.

To read the full story



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.