Free Trial

USDCAD targets resistance area

USD
  • With WTI slipping down towards $82.00, USDCAD targets the 1.3881 resistance level, last Friday's high and the highest print since May 2020.
  • The moves in FX today have been more a function of the Dollar, as oppose to commodity moves, for the likes of the CAD and the NOK.

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.