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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Drains CNY248 Bln via OMO Tuesday
MNI Eurozone Inflation Insight – November 2024
Bullish Focus
- 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: 1.2625/47 50-day EMA / High Mar 30 and the bull trigger
- PRICE: 1.2624 @ 17:28 GMT Apr 7
- SUP 1: 1.2502 Low Apr 5
- SUP 2: 1.2462 Low Mar 19
- SUP 3: 1.2365 Low Mar 18 and the bear trigger
- SUP 4: 1.2336 1.00 proj of the Jan 28 - Feb 25 - Feb 26 price swing
USDCAD traded lower Monday extending the pullback from recent highs. The pair has however since recovered. Short-term trend conditions remain bullish and attention is on resistance at 1.2647, Mar 30 high and the bull trigger. A break would confirm a resumption of the recovery that started Mar 18 and open 1.2749, Feb 26 high. On the downside, a resumption of weakness would instead expose the key support and bear trigger at 1.2365.
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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.