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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
TECHS: Extension Higher Likely *RES...>
DOLLAR-CANADA: TECHS: Extension Higher Likely
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3204/08 100-DMA / High Oct 30
*PRICE: 1.3154 @ 16:18 GMT Nov 1
*SUP 1: 1.3075 Low Oct 30
*SUP 2: 1.3042 Low Oct 29 and initial key support
*SUP 3: 1.3016 Low Jul 19 and major support
*SUP 4: 1.2991 76.4% retracement Oct 2018 - Jan 2019 Rally
USDCAD maintains a bullish outlook following Wednesday's rally. The move
reinforced the significance of Tuesday's candle pattern, a bullish engulfing
reversal. This highlighted a potential base at Tuesday low of 1.3042 and is
significant given the reversal occurred ahead of the primary support at 1.3016,
Jul 19 low. Key short-term resistance is at 1.3208, Oct 30 where a break would
extend the bounce and open 1.3240. Support lies at 1.3075.
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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.