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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 US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
MNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
(Z8) Bulls Press Pause *RES.....>
AUSSIE 3-YEAR TECHS: (Z8) Bulls Press Pause
*RES 3: 98.192 - Up Trendline
*RES 2: 98.190 - 50% Fib 98.700-97.675
*RES 1: 98.110 - High Nov 30, 17
*PRICE: 98.050 @ 15:56 GMT, Dec 7
*SUP 1: 97.764 - 76.4% 97.675-98.050
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
Bulls lost steam somewhat Friday after a pretty remarkable run over the past
fortnight or so. 98.10 now marks the high watermark, just shy of the Nov30 2017
highs at 98.11 which become the first resistance level. Despite the pause in
bullish momentum Friday, it's clear to see bulls remain on the front foot and
it's difficult to see momentum petering out from here. Bulls shift their upside
targets higher, to 98.19 and 98.35 above there. The 97.872 200-dma remains firm
support with pullbacks shallow for now. For bears, the downside target remains
at 97.764, the 76.4% retracement of the 97.675-98.050 move.
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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.