Free Trial
USDCAD TECHS

Spills Above Week’s High

ISSUANCE

Canada Cancels Planned Long Bond Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U1) Just Off Contract Highs

BTP TECHS
  • RES 4: 156.73 1.236 proj of May 19 - Jun 14 - Jun 25 price swing
  • RES 3: 156.48 3.0% Upper Bollinger Band
  • RES 2: 155.76 1.0% 10-dma envelope
  • RES 1: 155.71 High Aug 04
  • PRICE: 155.19 @ 17:24 BST Aug 10
  • SUP 1: 153.16/152.65 20-day EMA / Low Jul 14
  • SUP 2: 152.59 Bull channel base drawn off the May 19 low
  • SUP 3: 151.93/54 Low Jul 8 / Low Jul 6
  • SUP 4: 151.19 High Jul 1

BTPs further cemented the uptrend mid-last week, extending the gains to hit fresh alltime highs. Friday's price action was less constructive, but a bullish outlook remains intact. A positive outlook follows the recent resumption of the uptrend that started May 19 - gains on Jul 6 and 7 resulted in a breach of a former key resistance at 152.47, Jun 14 high and established a bullish price sequence of higher highs and higher lows. Subsequent gains reinforce the positive theme and attention is on vol band resistance layered between 155.76 - 156.73.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.