USDCAD TECHS: Support Remains Intact For Now
Feb-12 08:00
- RES 4: 1.5000 Psychological round number
- RES 3: 1.4948 High Mar 2003
- RES 2: 1.4814 High Apr 2003
- RES 1: 1.4600/1.4793 Round number resistance / High Feb 3
- PRICE: 1.4291 @ 07:59 GMT Feb 12
- SUP 1: 1.4270 Low Feb 5
- SUP 2: 1.4261 Low Jan 20 and a key support
- SUP 3: 1.4178 High Nov 6 ‘24
- SUP 4: 1.4120 Low Dec 11
USDCAD is trading in a tight range and closer to its recent lows. For now, the latest move down appears corrective and the primary uptrend remains intact. The Feb 3 cycle high reinforces and strengthens bullish conditions. The break higher confirmed a resumption of the uptrend and opens 1.4814 next, the Apr 2003 high. Key support to watch lies at 1.4261, the Jan 20 low. A clear breach of this level would alter the picture and signal a reversal.
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GILTS: Opening calls
Jan-13 07:58
Gilt calls, 89.26/89.30.
EQUITIES: EU Cash opening calls
Jan-13 07:57
- Estox 50: -0.43%, Dax: -0.14%, CAC: -0.45%, FTSE -0.00%, SMI -0.12%.
VGH5 (Estoxx) has been falling in the past hour and hovers at session low.
EURIBOR OPTIONS: First trade in new Option strikes
Jan-13 07:55
- ERH5 97.4375/97.5625/97.6875, sold at 4.25 in 1k.
You can now trade the 6.25 strikes in Euribor Options.
