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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: Heavy! *RES 4: 1.3986 High.....>
DOLLAR-CANADA: TECHS: Heavy!
*RES 4: 1.3986 High May 26
*RES 3: 1.3867 Low May 19
*RES 2: 1.3833 High May 29
*RES 1: 1.3715 Low May 29
*PRICE: 1.3535 @ 06:25 BST Jun 2
*SUP 1: 1.3500 Round number support
*SUP 2: 1.3462/60 Low Mar 9 / 200-dma
*SUP 3: 1.3380 Low Mar 3
*SUP 4: 1.3361 76.4% retracement of the Jan - Mar rally
USDCAD sold off sharply Monday confirming a resumption of the downtrend that has
been in place since Mar 19. The break lower has resulted in a move through the
61.8% retracement of the Jan - Mar rally at 1.3611, reinforcing the current
bearish sentiment. This has opened 1.3462 next, Mar 9 low and 1.2261 further
out, the 76.4% retracement. On the upside, key short-term resistance has been
defined at 1.3833, May 29 high. Heavy!
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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.