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Free AccessMNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
(Z17) 161.66-96 Support Region Key.......>
BUND TECHS: (Z17) 161.66-96 Support Region Key
*RES 4: 163.28 Daily Bull channel top A
*RES 3: 162.93 High Aug Sept 5
*RES 2: 162.68 Hourly resistance Sept 6
*RES 1: 162.41 Hourly support Sept 6 now resistance
*PREVIOUS CLOSE: 162.30
*SUP 1: 162.18 Daily Bull channel base B
*SUP 2: 161.96 Low Sept 5
*SUP 3: 161.77 21-DMA
*SUP 4: 161.66 Low Sept 1
*COMMENTARY: The Bollinger band top continues to cap/limit follow through with
the bearish close Wednesday seeing focus back on the 161.66-162.18 support
region. Bears look for a close below 161.66 to end bullish hopes and shift focus
back to 160.32-50 where 55 & 100-DMAs and bull channel base (A) are noted.
Layers of resistance are accumulating with bulls now needing a close above
162.41 to gain breathing room.
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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.