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Free AccessMNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Recovery Has $0.7666 Resistance To.....>
AUSSIE TECHS: Recovery Has $0.7666 Resistance To Deal With Next
*RES 4: $0.7774 38.2% Fibo of $0.8136-$0.7412
*RES 3: $0.7716/18 2% vol band, 76.4% of $0.7813-$0.7412
*RES 2: $0.7690 38.2% Fibo of $0.8136-$0.7412
*RES 1: $0.7660/66 61.8% $0.7813-$0.7412, 30 month suppt line
*PRICE: $0.7644 @1646GMT
*SUP 1: $0.7605/15 Hourly support
*SUP 2: $0.7594 May 31 high, now support
*SUP 3: $0.7560/73 Hourly base Jun 1, Jun 1 high
*SUP 4: $0.7540 Hourly congestion area May 23-28
*COMMENTARY* Recovery has broken above the 2018 falling resistance at
$0.7638-$0.7618, depending on whether you look at the daily or weekly chart.
Trying to deal with resistance from the upper 1% volatility band and then the
base of the previously broken 30 month support line at $0.7666. Further
clearance through here will encourage, $0.7690-$0.7718 then next targets higher.
Support currently from above $0.7615-$0.7605, Thursday's $0.7594 high below.
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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.