Free Trial

USD/CAD has shed 34 pips and last.....>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has shed 34 pips and last trades at C$1.3316, with CAD
strength seemingly induced by firmer oil prices, as WTI has climbed $0.73 thus
far, as broader risk-on flows aid CAD in Asia-Pac hours. 
- The rate has fallen through yesterday's low of C$1.3330, shifting bearish
focus to the psychological C$1.3300 level. A break below would open up the Jan
21 low of C$1.3252, ahead of the 100-DMA at C$1.3206. A breach here would allow
bears to regain control. Conversely, bulls need a jump back above yesterday's
low before targeting the 21-DMA/50-DMA at C$1.3364/68.

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.