• 725 days Will The ECB Continue To Hike Rates?
  • 726 days Forbes: Aramco Remains Largest Company In The Middle East
  • 727 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,127 days Could Crypto Overtake Traditional Investment?
  • 1,132 days Americans Still Quitting Jobs At Record Pace
  • 1,134 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,137 days Is The Dollar Too Strong?
  • 1,137 days Big Tech Disappoints Investors on Earnings Calls
  • 1,138 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,140 days China Is Quietly Trying To Distance Itself From Russia
  • 1,140 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,144 days Crypto Investors Won Big In 2021
  • 1,144 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,145 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,147 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,148 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,151 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,152 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,152 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,154 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

USD/CAD: Making New Lows

USD/CAD has broken a key support at 1.0814, ending a 5 week consolidation. The momentum is negative as long as prices remain below the resistance at 1.0833 (intraday high). A test of the support implied by the long-term rising trendline (around 1.0632) is expected. An initial resistance now lies at 1.0752 (25/06/2014 high).

In the longer term, the technical structure looks like a rounding bottom with a minimum target at 1.1725. However, a break of the support area implied by the long-term rising trendline (around 1.0632) and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment