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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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Free AccessTECHS: Bears Take A Breather..........>
DOLLAR-CANADA: TECHS: Bears Take A Breather
Despite a retrace back over 1.29, USDCAD bears remain in charge with the 200-dma
& channel base support the next downside targets at 1.2840/45, below here opens
the May 22 low at 1.2743. Up trendline support (now resistance) and the 100-dma
at 1.2998 will now act as resistance. A break above 1.3160 is needed to turn the
outlook bullish and would likely confirm a bull flag formation, re-establishing
the broader bullish trend.
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.