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Free AccessThe broadly firmer dollar boosted USDCAD.....>
CANADA: The broadly firmer dollar boosted USDCAD to C$1.3142, before stalling
ahead of key resistance at C$1.3144/45 from the Jul 1 & Jul 10 highs. A clean
break opens the potential of a return to the C$1.32 level, ahead of the Jun 10
low at C$1.3226. Below C$1.3144/45 keeps bears in control with hourly highs
through Jul 16-18 providing interim support at C$1.3090/95. Last C$1.3136.
- CADJPY closed below the 100-dma & channel base drawn off off the Jun3 low,
yesterday's candle pattern was a bearish engulfing further cementing the recent
donwtrend. The next layer of support is at Y82.00/05 from a series of previous
lows.
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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.