Free Trial

USD/CAD has moved above its 200-DMA...>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has moved above its 200-DMA (C$1.2871) on the back of the
broader USD strength, last C$1.2880, with bulls now looking for a break of
C$1.2900/20 before targeting the 100-DMA (C$1.3054). Bears need a move back
below the 200-DMA to allow them to re-focus on channel base support (C$1.2792).
- Highlights on the CA docket during the remainder of this week include Ivey PMI
& trade data, as well as the Canadian labour market report.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.