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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.
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Free AccessMNI BRIEF: China Crude Oil Imports Accelerate In November
MNI BRIEF: RBA Holds, Notes Declining Inflation Risk
USDCAD TECHS: Trend Needle Points North
- RES 4: 1.3977 High Oct 13, 2022
- RES 3: 1.3921 1.0% 10-dma envelope
- RES 2: 1.3899 High Nov 1 and a key resistance
- RES 1: 1.3865 High Jul 29
- PRICE: 1.3805 @ 16:46 BST Jul 31
- SUP 1: 1.3788 Low Jul 31
- SUP 2: 1.3749 20-day EMA
- SUP 3: 1.3707 50-day EMA
- SUP 4: 1.3367 Low Jul 17
Trend conditions in USDCAD remains bullish. The recent climb resulted in a break of 1.3792, the Jun 11 high, and more recently, a print above key resistance at 1.3846, the Apr 16 high. Conditions are overbought, however, a clear break of 1.3846 would strengthen the bull theme and open 1.3899, the Nov 1 high ‘23 and a key resistance. Firm support lies at 1.3707, the 50-day EMA. A pullback would be considered corrective at these levels.
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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.