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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Fresh Trend Low
- RES 4: 1.2864 50-day EMA
- RES 3: 1.2835 High Nov 11
- RES 2: 1.2792 High Jan 12
- RES 1: 1.2765 High Jan 15
- PRICE: 1.2739 @ 16:27 GMT Jan 15
- SUP 1: 1.2625 Low Jan 14
- 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 rallied throughout the Friday session, bouncing off a fresh trend low of 1.2625. The underlying downtrend remains in place with the focus on 1.2603 next, a Fibonacci projection. Moving average studies remain in a bear mode reinforcing current trending conditions. On the upside, initial resistance is seen at 1.2792, the high from Jan12. Key resistance though is located at 1.2835, Nov 11 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.