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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: Break of 50-dma Needed to......>
DOLLAR-CANADA: TECHS: Break of 50-dma Needed to Extend Recovery
USDCAD was unable to break back above its 50-dma both Monday and Tuesday - a
requirement to shift the outlook more positive - which keeps bears in control
and the downtrend from the Sep 6 high intact. Bulls need to break above the
50-dma at 1.3017 to challenge the Sep 27 high and attempt to turn the downtrend
channel from the June highs into a bull flag. Bears need to press back through
the 200-dma at 1.2879 and challenge 1.2800 to keep hopes of a topping pattern
alive.
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.