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Feb-07 21:15

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ASIA: Coming Up In Asian Markets On Thursday

Jan-08 21:10
0100GMT0900HKT1200AEDTPhilippines Nov Trade
0130GMT0930HKT1230AEDTChina Dec Inflation
0300GMT1100HKT1400AEDTIndonesia Dec Consumer Confidence
0800GMT1600HKT1900AEDTTaiwan Dec Trade

ASIA: Coming Up In Asia Pac Markets On Thursday

Jan-08 21:06
2330GMT0730HKT1030AEDTJapan Nov Labour Earnings
2350GMT0750HKT1050AEDTJapan Weekly Investment Flows
0001GMT0801HKT1101AEDTUK Dec BRC Shop Price Index
0030GMT0830HKT1130AEDTAustralia Nov Retail Sales
0030GMT0830HKT1130AEDTAustralia Nov Trade
0130GMT0930HKT1230AEDTChina Dec Inflation
0200GMT1000HKT1300AEDTTokyo Dec Office Vacancies
0335GMT1135HKT1435AEDTJapan 30yr Bond Sale

USDCAD TECHS: Trend Needle Points North

Jan-08 20:55
  • RES 4: 1.4676 2.0% 10-dma envelope
  • RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 1: 1.4467 High Dec 19 
  • PRICE: 1.4385 @ 20:33 GMT Jan 8 
  • SUP 1: 1.4326/4280 20-day EMA / Low Jan 6  
  • SUP 2: 1.4232 Low Dec 17 
  • SUP 3: 1.4163 50-day EMA
  • SUP 4: 1.4011 Low Dec 5

The trend set-up in USDCAD remains bullish and the move down is considered corrective. The latest pause in the uptrend appears to be a flag formation - a bullish continuation signal. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.4508 next, a Fibonacci projection level. 1.4326, the 20-day EMA, has been pierced. A clear break of the average would open 1.4163, the 50-day EMA.