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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Real-time insight on key fixed income and fx markets.
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Real-time insight of oil & gas markets
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Real time insight of credit markets
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Free AccessTECHS: Recovery Meets Resistance......>
DOLLAR-CANADA: TECHS: Recovery Meets Resistance From 50% Fibo At $1.2715
*RES 4: $1.2839 2% volatility band
*RES 3: $1.2786 61.8% Fibo of $1.3016-$1.2414
*RES 2: $1.2745 Hourly resistance
*RES 1: $1.2715 50% Fibo of $1.3016-$1.2414, Aug 7 high
*PRICE: $1.2680 @1217GMT
*SUP 1: $1.2645/51 Hourly support, Aug 8 low
*SUP 2: $1.2619/29 Aug 3 high, Aug 7 low
*SUP 3: $1.2592 Initial rally high Aug 3, now support
*SUP 4: $1.2553 Aug 3 low
*COMMENTARY* The recovery from last week's $1.2414 low continued on Monday, the
rally breaking above earlier $1.2690-95 resistance, leaving the next marker of
note, the 50% Fibo retrace level at $1.2715. As a result, support moves up to
$1.2645-51, ahead of Monday's $1.2629 low and the Aug 3 high at $1.2619. Above
$1.2715 and then not much to prevent a further $1.2745-$1.2786 rise.
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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.