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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
Key Support Remains Exposed
- RES 4: 1.2915 High Dec 23
- RES 3: 1.2845/81 High Feb 4 / High Jan 28
- RES 2: 1.2763/82 High Jan 12 / 50-day EMA
- RES 1: 1.2746 High Feb 17
- PRICE: 1.2697 @ 17:59 GMT Feb 18
- SUP 1: 1.2610 Low Feb 16
- SUP 2: 1.2590 Low Jan 21 and major support
- SUP 3: 1.2547 Bear channel base drawn off the Jun 26, 2020 high
- SUP 4: 1.2528 Low Apr 17, 2018
USDCAD found support Tuesday at 1.2610. The recent move lower is seen as a deeper corrective move however price has recently cleared 1.2686, Jan 27 low and a key S/T level. This is a bearish development and exposes the Jan 21 trend low of 1.2590 that also marks a bear trigger. Clearance of this level would resume the underlying downtrend. A 1.2881 break, Jan 28 high, is required to reinstate bullish activity. 1.2763 is the initial firm resistance.
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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.