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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: Rangebound Wednesday trade.....>
DOLLAR-CANADA: TECHS: Rangebound
Wednesday trade was particularly quiet, providing few fresh technical signals.
Following two dojis on Friday and Monday, USDCAD attempted to break lower
Tuesday, trading below the 100-dma for the first time since March 1 and finding
support on the up trendline at 1.3251. However, the downside momentum was not
maintained and USDCAD closed back in its recent 1.3300-50 range. The focus now
shifts to the upside as bulls look for a close above 1.34 to put the focus back
on the Mar 6 high at 1.3468, ahead of the Jan 4 high at 1.3496.
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.