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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 AccessCommodity-tied FX improved overnight amid.....>
FOREX: Commodity-tied FX improved overnight amid the backdrop of a weaker
dollar.
- USDCAD extends the downtrend to fresh ytd lows of C$1.3025 with strong support
reported on approach to the C$1.30 psychological level. A downside break is
likely to accelerate the move toward the 100-wma at C$1.2990, ahead of the 2%
lower Bollinger band at C$1.2943.
- AUDUSD sits top of G10 with gains extending through $0.70 on reported real
money demand. The 100-dma & cloud top provide near-term resistance at
$0.7023/36, with a break of the Jul4 high at $0.7048 needed to change the
outlook.
- NZDUSD improves to $0.6685 to rest on resistance from the 100-dma. Bulls need
a weekly close above here to improve the outlook and return the focus to the
200-dma & Jun 28 high at $0.6715/30.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.