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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 UK Inflation Insight: December 2024: Air Fares Weigh
TECHS: Rally Edges Through............>
DOLLAR-CANADA: TECHS: Rally Edges Through $1.2585-$1.2591 Resistance
*RES 4: $1.2762 76.4% Fibo of $1.2921-$1.2249
*RES 3: $1.2664/66 61.8% Fibo of $1.2921-$1.2249, 2% vol band
*RES 2: $1.2624 Dec 5 low, now resistance
*RES 1: $1.2591/98 Jan 11, intraday highs
*PRICE: $1.2589 @1110GMT
*SUP 1: $1.2515/30 Hourly support
*SUP 2: $1.2491 Feb 6 low
*SUP 3: $1.2465 Hourly base Feb 5
*SUP 4: $1.2451 Feb 2 high, now support
*COMMENTARY* The recovery continues apace this week, the latest rise to $1.2598,
takes us just through the 50% Fibo retrace level at $1.2585 and the Jan 11 high
at $1.2591. A sustained move higher will see the Dec 5 low at $1.2624 and then
the $1.2664-$1.2666 region as the next potential targets above. As a result,
support rises to $1.2530-$1.2515 but only a loss of Tuesday's $1.2491 low will
cause any near term panic.
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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.