Commodity Prices

Gold •20 mins	1,981.70	+4.60	+0.23%
Platinum •20 mins	1,000.60	-21.30	-2.08%
WTI Crude •10 mins	67.99	-1.47	-2.12%
Gasoline •1 hour	2.539	-0.057	-2.20%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •20 mins	23.63	+0.39	+1.68%

Silver • 20 mins	23.63	+0.39	+1.68%
Copper • 20 mins	3.659	-0.004	-0.11%
Brent Crude • 1 hour	72.66	-0.88	-1.20%
Natural Gas • 10 mins	2.262	-0.065	-2.79%
Heating Oil • 1 hour	2.256	-0.025	-1.08%

Headlines

387 days Could Crypto Overtake Traditional Investment?
392 days Americans Still Quitting Jobs At Record Pace
394 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
397 days Is The Dollar Too Strong?
397 days Big Tech Disappoints Investors on Earnings Calls
398 days Fear And Celebration On Twitter as Musk Takes The Reins
400 days China Is Quietly Trying To Distance Itself From Russia
400 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
404 days Crypto Investors Won Big In 2021
404 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
405 days Food Prices Are Skyrocketing As Putin’s War Persists
407 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
408 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
411 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
412 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
412 days Two ETFs That Could Hedge Against Extreme Market Volatility
414 days Are NFTs About To Take Over Gaming?
415 days Europe’s Economy Is On The Brink As Putin’s War Escalates
418 days What’s Causing Inflation In The United States?
419 days Intel Joins Russian Exodus as Chip Shortage Digs In

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CAD - Bearish Breakout

By - Apr 20, 2016, 5:46 AM CDT

USD/CAD has exited the short-term downtrend channel, confirming persistent underlying selling pressures. Yet, the momentum seems to fade. Hourly support is located at 1.2631 (19/04/2016 low). Hourly resistance is given at 1.2897 (14/04/2016 high). Expected to show continued weakness.

In the longer term, the pair is now trading well below the 200-day moving average. Strong resistance is given at 1.4948 (21/03/2003 high). Stronger support can be found at 1.1731 (06/01/2015 low).

Daily Technical Report