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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.
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Free AccessTECHS: Uptrend Starting to Stall......>
DOLLAR-CANADA: TECHS: Uptrend Starting to Stall
USDCAD remains comfortably above the up trendline support from the Oct 1 lows
but the rally has begun to stall around the 1.3330 area. Bulls still look for a
break above 1.3386 to open the bull flag breakout target up at 1.3500. On the
downside, trendline support from the Oct1 low comes in at 1.3198. Bears need to
break below the trendline and 21-dma which comes in at 1.3209 and has capped
losses over the past month to challenge the Nov 16 low at 1.3127.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.