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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 China Daily Summary: Wednesday, December 11
Impulsive Sell-Off Extends
- RES 4: 0.7493 Apr 12 high and key intraday resistance
- RES 3: 0.7458, High Apr 20/21
- RES 2: 0.7371 50-day EMA
- RES 1: 0.7273 Intraday high
- PRICE: 0.7168 @ 07:03 BST Apr 25
- SUP 1: 0.7141 Low Feb 25
- SUP 2: 0.7095 Low Feb 24 and key near-term support
- SUP 3: 0.7052 Low Feb 4
- SUP 4: 0.6985 Low Jan 31
AUDUSD is trading sharply lower again today as the current impulsive sell-off extends. The pair has probed support at 0.7165, the Mar 15 low and a key short-term bear trigger. A clear break of this level would reinforce current bearish conditions and pave the way for a move towards 0.7095, the Feb 24 low. Initial resistance is seen at today’s intraday high of 0.7273. Firmer resistance however is at 0.7366, the 50-day EMA.
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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.