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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 AccessBullish Retracement
- RES 4: 1.2749 High Feb 26 and the bull trigger
- RES 3: 1.2700 High Mar 8
- RES 2: 1.2650 50-day EMA
- RES 1: 1.2609 High Mar 24
- PRICE: 1.2558 @ 17:18 GMT Mar 24
- SUP 1: 1.2516 Low Mar 23
- 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
The USDCAD recovery remains intact and the pair has edged higher again today. Recent gains are considered corrective however the continued push higher does suggest scope for a stronger short-term recovery. The pair has cleared the 20-day EMA and attention turns to the 50-day EMA at 1.2650. On the downside, firm support is seen at 1.2462, Mar 19 low. A break would expose key support 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.