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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 AccessRBC's Tech Team Recommend Short AUD/CAD
- They recommend going short AUD/CAD at current levels and look to add at 0.9315. They set their take profit at 0.8850 and a stop loss at 0.9390.
- RBC see the cross as consolidating between a triple top at 0.9387 and a double bottom at 0.9114 since June, forming a rectangle pattern.
- A daily close below 0.9114 would confirm its' bearish implications, targeting 50% retracement of the 2020-2021 advance at 0.9032 initially.
- Moves to resistance at 0.9251 and 0.9314 are expected to attract selling interest as the consolidation plays out.
To read the full story
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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.