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Why MNI
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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 AccessTECHS: Bullish Focus *RES 4: 1.3864...>
DOLLAR-CANADA: TECHS: Bullish Focus
*RES 4: 1.3864 2.0% 10-dma envelope
*RES 3: 1.3802 High Jun 1
*RES 2: 1.3722 50-day EMA
*RES 1: 1.3716 High Jun 26
*PRICE: 1.3655 @ 10:49 BST Jun 29
*SUP 1: 1.3608 Low Jun 25
*SUP 2: 1.3486 Low Jun 23 and key near-term support
*SUP 3: 1.3398 Low Jun 11
*SUP 4: 1.3316 Low Jun 10 and bear trigger
USDCAD made light work of the 1.3686 bull trigger Friday, cementing the current
upward trend. The recent recovery off 1.3316, Jun 10 low remains intact,
reinforcing a bullish theme. The candle pattern on Jun 10 was a doji and on Jun
11, a bullish engulfing reversal. Both highlighted a potential base at 1.3316
and the subsequent recovery confirms this. The focus is on 1.3802 next, Jun 1
high. Key support is at 1.3486, Jun 23 low.
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.