Macro & Asian equity Technical Strategies, BBSP Asia

Federico D'Inca

Macro & Asian equity Technical Strategies

BBSP Asia

Technical Analysis

<h2>USDCAD: Bearish below 1.3840<br><br>
</h2><p><strong>Daily Key Elements<br></strong>The market is right below our long-term resistance 1.3840 found in multiple fractals. We expect a bearish reversal. Bearish below 1.3840 for a drop to 1.3570/1.3500 in the first instance then 1.3290.</p><h2>Light Crude Oil (NYMEX): Bullish above 44.00<br><br>
</h2><p><strong>Daily Key Elements<br></strong>Market right above our 44.00 long-term support, will all key indicators advocating for a bullish reversal. Bullish above 44.00, target minimum 50.50 before 55.00 even 58.00....</p><p>Conviction is ***…</p>

USDCAD: Bearish below 1.3840  
Daily Key Elements The market is right below our long-term resistance 1.3840 found in multiple fractals. We expect a bearish reversal. Bearish below 1.3840 for a drop to 1.3570/1.3500 in the first instance then 1.3290.Light Crude Oil (NYMEX): Bullish above 44.00  
Daily Key Elements Market right above our 44.00 long-term support, will all key indicators advocating for a bullish reversal. Bullish above 44.00, target minimum 50.50 before 55.00 even 58.00....Conviction is ***…

Strong View Conviction for WTI Bullish and UsdCad Bearish