MNI BRIEF: China 2024 Oil Imports Down 1.9%

MNI: PBOC Sets Yuan Parity Lower At 7.1885 Mon; -2.21% Y/Y

MNI BRIEF: PBOC To Raise Key Parameter For Shoring Up Yuan

CHINA DEC EXPORTS +10.7% Y/Y VS MEDIAN +7.4% Y/Y: CUSTOMS

MNI: PBOC Net Injects CNY10.7 Bln via OMO Monday

MNI China Daily Summary: Friday, January 10

CHINA 2024 EXPORTS +7.1% IN YUAN TERM: CUSTOMS

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDCAD TECHS: Bulls Remain In The Driver’s Seat

USDCAD TECHS
USForeign Exchange Technical AnalysisCanadaBulletMarketsForeign Exchange BulletsNorth America
  • RES 4: 1.4278 2.0% 10-dma envelope  
  • RES 3: 1.4246 2.00 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 2: 1.4196 1.764 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 1: 1.4178 Intraday high 
  • PRICE: 1.4070 @ 16:48 GMT Nov 26
  • SUP 1: 1.3942/28 20-day EMA / Low Nov 25  
  • SUP 2: 1.3836 50-day EMA
  • SUP 3: 1.3822 Low Nov 6
  • SUP 4: 1.3747 Low Oct 17

The trend outlook in USDCAD remains bullish and a strong rally today reinforces this theme. The move higher confirms a resumption of the primary uptrend and the move higher marks an extension of the bullish price sequence of higher highs and higher lows. Sights are on 1.4196 next. A Fibonacci projection. Key short-term support has been defined at 1.3928, the Nov 25 low.    

133 words

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.
  • RES 4: 1.4278 2.0% 10-dma envelope  
  • RES 3: 1.4246 2.00 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 2: 1.4196 1.764 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 1: 1.4178 Intraday high 
  • PRICE: 1.4070 @ 16:48 GMT Nov 26
  • SUP 1: 1.3942/28 20-day EMA / Low Nov 25  
  • SUP 2: 1.3836 50-day EMA
  • SUP 3: 1.3822 Low Nov 6
  • SUP 4: 1.3747 Low Oct 17

The trend outlook in USDCAD remains bullish and a strong rally today reinforces this theme. The move higher confirms a resumption of the primary uptrend and the move higher marks an extension of the bullish price sequence of higher highs and higher lows. Sights are on 1.4196 next. A Fibonacci projection. Key short-term support has been defined at 1.3928, the Nov 25 low.