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MNI: PBOC Drains Net CNY300 Bln Thurs; Rates Unchanged

CHINA PBOC INJECTS CNY363 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1176 THURS VS 7.1140

Futures Rise Above $130/Tonne

EZ/UK Bond Supply Calendar: Spain, France, Finland Due Thurs

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction On Friday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Trades Above Trendline Resistance

USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.3862 High Mar 10 and a key resistance
  • RES 3: 1.3835 2.0% 10-dma envelope
  • RES 2: 1.3805 High Mar 24
  • RES 1: 1.3780 High Oct 4
  • PRICE: 1.3752 @ 16:29 BST Oct 4
  • SUP 1: 1.3548 20-day EMA
  • SUP 2: 1.3497 50-day EMA
  • SUP 3: 1.3417 Low Sep 29
  • SUP 4: 1.3381 Low Sep 19 and a key support

USDCAD trades higher again Wednesday. The pair has this week breached key short-term resistance at 1.3695, the Sep 7 high. This highlights a bullish theme and reverses the recent bearish phase. The break confirms a resumption of the uptrend that started mid-July. Trendline resistance - at 1.3701 and drawn from the Oct 13 ‘22 high - has also been pierced. A clear trendline break would be bullish. Support is at 1.3548, the 20-day EMA.

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  • RES 4: 1.3862 High Mar 10 and a key resistance
  • RES 3: 1.3835 2.0% 10-dma envelope
  • RES 2: 1.3805 High Mar 24
  • RES 1: 1.3780 High Oct 4
  • PRICE: 1.3752 @ 16:29 BST Oct 4
  • SUP 1: 1.3548 20-day EMA
  • SUP 2: 1.3497 50-day EMA
  • SUP 3: 1.3417 Low Sep 29
  • SUP 4: 1.3381 Low Sep 19 and a key support

USDCAD trades higher again Wednesday. The pair has this week breached key short-term resistance at 1.3695, the Sep 7 high. This highlights a bullish theme and reverses the recent bearish phase. The break confirms a resumption of the uptrend that started mid-July. Trendline resistance - at 1.3701 and drawn from the Oct 13 ‘22 high - has also been pierced. A clear trendline break would be bullish. Support is at 1.3548, the 20-day EMA.