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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 AccessBreaches Support
- RES 4: 1.2763 High Feb 12
- RES 3: 1.2749 High Feb 26 and key resistance
- RES 2: 1.2700 High Mar 8
- RES 1: 1.2647 High Mar 30 and the short-term bull trigger
- PRICE: 1.2502 @ 16:51 BST Apr 16
- SUP 1: 1.2477 Low Apr 15
- SUP 2: 1.2462 Low Mar 19
- SUP 3: 1.2365 Lcadow Mar 18 and the bear trigger
- SUP 4: 1.2336 1.00 proj of the Jan 28 - Feb 25 - Feb 26 price swing
USDCAD failed to hold onto last Tuesday's highs and has since traded lower. Support at 1.2502, Apr 5 low has given way. A resumption of intraday weakness would suggest scope for a deeper pullback and highlight potential for a test of 1.2365, Mar 18 low and the bear trigger. For bulls, a recovery would once again refocus attention on the key resistance and bull trigger at 1.2647, Mar 30 high.
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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.