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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 AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
TECHS: 1.3225 support gives way:......>
DOLLAR-CANADA: TECHS: 1.3225 support gives way:
*RES 3: 1.3527 High Jun 3
*RES 2: 1.3485 76.4% retracement of the 1.3565-1.3225 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3465 50D EMA
*PRICE: 1.3217 @ 08:14 GMT June 20
*SUP 1: 1.3225 Low Jun 10 and key support
*SUP 2: 1.3200 Round number support
*SUP 3: 1.3113 Low Feb 25
*SUP 4: 1.3069 Low Feb 1
The June 10th lows at 1.3225 were seen as firm support for the pair and gave way
in early Europe as the Fed-inspired USD drop extended. This broadens the scope
for further downside, with 1.32 and 1.3113 the initial targets. From a broader
perspective, USDCAD has traded in a choppy manner this year. As a result, there
is no dominant trend so the potential for gains or losses are being viewed
merely as short-term developments.
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.