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Free AccessTECHS: Breaks Above Previous..........>
DOLLAR-CANADA: TECHS: Breaks Above Previous $1.2921 High
*RES 4: $1.3132 61.8% Fibo of $1.3794-$1.2061
*RES 3: $1.3109 Equality rise from $1.2249 to $1.2061-$1.2921
*RES 2: $1.3083 6 month bull channel top projection
*RES 1: $1.3027 2% volatility band
*PRICE: $1.2986 @1750GMT
*SUP 1: $1.2910/15 Hourly support
*SUP 2: $1.2869 Hourly base Mar 2
*SUP 3: $1.2809 Mar 1 low
*SUP 4: $1.2758 Feb 22 high, now support
*COMMENTARY* Has blasted through the previous $1.2921 high today and also the
near term equality rise target at $1.2948. A high of $1.2989 at the time of
writing but there is currently not much resistance of note until the upper 2%
volatility band at the higher $1.3027 level. Support also on the rise,
$1.2915-$1.2910 initially, this protecting against a deeper $1.2869 fall, which
should hold now, if the rally is set to continue at this juncture.
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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.