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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.
DOLLAR
- Earlier this week we highlighted a key technical reversal pattern that has recently been confirmed, an inverted head and shoulders.
- The key level to watch today is at 94.63. This is the bear channel resistance drawn off the Mar 20 high and marks the next hurdle for bulls.
- A break would reinforce the current bullish cycle in the USD. Recall that the objective set by the reversal pattern is 95.55.
- Initial trend support lies at 93.54, the former neckline of the head and shoulders reversal.
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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