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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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Free AccessTECHS: Remains Vulnerable Until.......>
DOLLAR-CANADA: TECHS: Remains Vulnerable Until 1.3042
*RES 3: 1.3103 Low Dec 18
*RES 2: 1.3070 High Dec 31
*RES 1: 1.3042 Low Oct 29
*PRICE: 1.3014 @ 17:29 GMT Jan 7
*SUP 1: 1.2952 Low Dec 31 and bear trigger
*SUP 2: 1.2917 Low Oct 16
*SUP 3: 1.2857 Low Oct 4, 2018
After consolidating for a number of sessions, USD/CAD broke higher Tuesday, but
the key resistance at 1.3042 has to give way to repair the short-term outlook.
This follows the recent strong sell-off that resulted in the clearance of the
1.3042 level, marking the Oct 29 low and 1.3016, Jul 19 low. Furthermore, 1.2991
has also been breached, the 76.4% retracement of the rally between Oct - Dec
2018. These breaks reinforce the current bearish theme with further weakness
likely. Attention is on 1.2917 next, Oct 16 low, 2018.
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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.