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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 AccessMNI Gilt Week Ahead
MNI POLITICAL RISK - Trump Rounds Out Cabinet Nominations
MNI POLITICAL RISK ANALYSIS - Week Ahead 25 Nov-1 Dec
Fresh Trend Low
- RES 4: 1.3029 High Nov 25
- RES 3: 1.2908/57 50-day EMA / High Dec 21
- RES 2: 1.2880 High Dec 24
- RES 1: 1.2792/98 20-day EMA / Jan 4 high 04
- PRICE: 1.2678 @ 06:44 GMT Jan 7
- SUP 1: 1.2630 Low Jan 6
- SUP 2: 1.2603 1.236 proj of Oct 29 - Nov 9 downleg from Nov 13 high
- SUP 3: 1.2586 Low Apr 19, 2018
- SUP 4: 1.2536 1.382 proj of Oct 29 - Nov 9 downleg from Nov 13 high
USDCAD traded lower again Wednesday registering a low print of 1.2630. The recent break of 1.2688, Dec 15 low confirms a resumption of the downtrend that has been in place since the reversal in March 2020. The focus is on weakness towards 1.2603 next, a Fibonacci projection. Note that recently we had focused on the potential for a stronger corrective bounce. This has been placed on hold. Resistance is at 1.2798, Jan 4 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.