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Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
MNI BRIEF: China Sees Progress On EU EV Deal
Fall Has Been Held Within Next..........>
CABLE TECHS: Fall Has Been Held Within Next $1.4022-$1.3983 Target Area
*RES 4: $1.4201 Mar 28 high
*RES 3: $1.4156/74 Base broken channel, hourly high Mar 27
*RES 2: $1.4134/40 Initial low Mar 28, hourly recovery high
*RES 1: $1.4097 Mar 29 high, base broken bull channel
*PRICE: $1.4033 @1640GMT
*SUP 1: $1.4011/22 Mar 30 low, equality fall from $1.4201
*SUP 2: $1.3979/83 50% Fibo of $1.3712-$1.4245, Mar 20 low
*SUP 3: $1.3951 1% volatility band
*SUP 4: $1.3930 Mar 6 high, now support
*COMMENTARY* Had faltered at the $1.4245 level in the early part of last week,
while endeavouring to make headway into the early Feb highs at $1.4279. This
ahead of the year's previous $1.4346 peak. The subsequent break below
$1.4170-$1.4120 support saw a loss of recent upside momentum. The move below
$1.4066 sees risk for a further $1.4022-$1.3983 fall. Resistance from $1.4097,
above would allow some respite, $1.4134-$1.4174 then possible.
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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.