Tag Archives: USD/CAD
Daily FX Technical Strategy: A thorough test of the 200-day
Charts suggest short-term funding pressures are awakening once again. Euribor futures fell sharply within its range in place since last year.
Technical Alert
The euro remains heavy and further losses must be accounted for while waiting for clarification over the Cyprus deal…
USDCAD – bull-flag, a-b-c correction confirmed above 1.0255
We view the break above the 2011/12 downtrend as a bullish $CAD development and the ensuing consolidation has held above the old downtrend.
FX Daily Strategist: US
– Cypriot vote uncertainty keeps EURUSD rangebound The market’s focus should remain firmly on Cyprus as uncertainty over the details of the bank deposit levy plan continues to linger.
FX Daily Majors
Today’s highlights: – EURUSD: Focus is still on the 1.2880/76/73 throwback/50% retracement/200-day MA support cluster. Ideally this continues to hold, but below warns of risk to 1.2662.
FX Daily Majors
Today’s highlights: – EURUSD: Poised at key throwback/50% retracement/200-day MA support zone at 1.2876/70. Ideally this holds with recovery risk to 1.3319, but below sees the decline continue for 1.2662.
USD/CAD Technical Analysis
(1,0230) The USD/CAD confirmed a very weak closing in the daily chart as well as in the weekly one. It broke also the support of the inside day at 1,0220 suggesting further weakness.
FX Daily Strategist: US
– GBP in a short squeeze; Upper House approves all 3 BoJ nominations GBP has seen a sizeable bounce above 1.5100, which we suspect has been primarily driven by the market’s overextended short positioning.
FX Daily Strategist: Europe
– USD off the highs, we recommend selling USDCAD The USD has been in a corrective mode after DXY touched a high of 83.166. As we have been highlighting, market positioning has turned excessively optimistic on the USD,
USD/CAD Technical Analysis
(1,0265) The USD/CAD is overall still confirming further consolidation interior the inside day with 1,0330 – 1,0220 still the levels to follow.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at trendline resistance and subsequent break below 1.2961 exposes our key support zone at 1.2890/76/65. We continue to expect this to hold.
USD/CAD Technical Analysis
(1,0265) The USD/CAD is overall still confirming further consolidation interior the inside day with 1,0330 – 1,0220 still the levels to follow.