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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 ASIA OPEN: Tariff Talk Reverses Early Tsy Consolidation
MNI ASIA MARKETS ANALYSIS: Tsy Yields Recede Ahead GDP/PCE
TECHS: Bearish Outlook: *RES 4:.......>
DOLLAR-CANADA: TECHS: Bearish Outlook:
*RES 4: 1.3333 20-day EMA
*RES 3: 1.3316 200-HMA
*RES 2: 1.3285 200-DMA
*RES 1: 1.3226 Jun 10 low
*PRICE: 1.3184 @ 09:28 GMT June 24
*SUP 1: 1.3151 Low Jun 20
*SUP 2: 1.3119 61.8% 1.2783 - 1.3665
*SUP 3: 1.3113 Low Feb 25
*SUP 4: 1.3069 Low Feb 1
USDCAD continues heavy following last week's sharp sell-off. The break of 1.3224
was an important bearish technical development and is likely to weigh on the
pair short-term. Potential is seen for a move towards 1.3113 and 1.3069 as
initial targets. On the upside, first resistance comes in at last week's
breakout point of 1.3226. The 200-dma intersects at 1.3285, ahead of the 200-hma
at 1.3316 which represents a more important level of resistance for bears.
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Sign up now for free trial access to this content.
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.