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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 US OPEN - RBA Holds, Communication Turns Slightly Dovish
MNI China Daily Summary: Tuesday, December 10
TECHS: Bearish Outlook: *RES 4:.......>
DOLLAR-CANADA: TECHS: Bearish Outlook:
*RES 4: 1.3333 20-day EMA
*RES 3: 1.3311 200-HMA
*RES 2: 1.3285 200-DMA
*RES 1: 1.3226 Jun 10 low
*PRICE: 1.3198 @ 15:45 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 remains heavy, dropping for the fourth session in five Monday. 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 1.3311 which represents a more important level of resistance for bears.
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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.