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Why MNI
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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 AccessMaintains A Weaker Tone
- RES 4: 1.2957 High Dec 21 and key resistance
- RES 3: 1.2915 High Dec 23
- RES 2: 1.2845/81 High Feb 4 / High Jan 28
- RES 1: 1.2763/2795 High Jan 12 / 50-day EMA
- PRICE: 1.2647 @ 15:52 GMT Feb 15
- SUP 1: 1.2640 Low Feb 15
- SUP 2: 1.2635 Low Jan 22
- SUP 3: 1.2590 Low Jan 21 and major support
- SUP 4: 1.2562 Bear channel base drawn off the Jun 26, 2020 high
USDCAD maintains a weaker tone. The recent pullback still appears to be a deeper corrective move however price last week traded through support at 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 the bear trigger. Clearance of this level would resume the underlying downtrend. On the upside, a 1.2881 break, Jan 28 high is required to reinstate bullish activity.
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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.