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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Remains Vulnerable
- RES 4: 1.3224 High Jul 14 and key resistance
- RES 3: 1.3135/3199 3.0% High Jul 15 / Upper Bollinger Band
- RES 2: 1.3038 High Jul 18
- RES 1: 1.2893/47 20-day EMA / High Jul 25
- PRICE: 1.2834 @ 16:52 BST Aug 1
- SUP 1: 1.2768 Low Aug 01
- SUP 2: 1.2763 Low Jun 13
- SUP 3: 1.2685 76.4% retracement of the Jun 8 - Jul 14 upleg
- SUP 4: 1.2610 2.0% 10-dma envelope
USDCAD maintains a bearish theme and continues to trade at its recent lows. 1.2819, the Jun 28 low, has been pierced. A clear break of this support would strengthen bearish conditions and extend the move below both the 20- and 50-day EMA values. This would open 1.2763, the Jun 13 low and 1.2685, a Fibonacci retracement. On the upside, initial resistance to watch is at 1.2947, Jul 25 high A break would ease the current bearish threat.
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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.