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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday
Bears Focused On Cnh6.5246-5783....>
DOLLAR-CNH TECHS: Bears Focused On Cnh6.5246-5783
*RES 4: Cnh6.6748 - Low Aug 17 now resistance
*RES 3: Cnh6.6539 - Low Aug 24 now resistance
*RES 2: Cnh6.6413 - Monthly Low Sept 16 now resistance
*RES 1: Cnh6.6276 - High Aug 29
*PRICE: Cnh6.5960 @ 2300GMT
*SUP 1: Cnh6.5963 - 2017 Low Aug 29
*SUP 2: Cnh6.5783 - Low June 24 2016
*SUP 3: Cnh6.5389 - Monthly Low June 3 2016
*SUP 4: Cnh6.5246 - Low May 12 2016
*COMMENTARY: Failures ahead of the daily bear channel top (Cnh6.6606) continue
to result in fresh 2017 & 14mth lows that see bearish focus now on layers of
support Cnh6.5246-5783. O/S daily studies and the Bollinger base (Cnh6.5912)
remain key concerns for bears. In saying that, bulls still need a close above
Cnh6.6276 to gain breathing room and above Cnh6.6539 to shift initial focus to
Cnh6.6748-6886.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.