Free Trial
AUSSIE BONDS

AUCTION PREVIEW: ACGB Apr-33 Supply Due

US EURODLR FUTURES

EDZ2 Lifted

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bearish Activity Dominates

AUDUSD TECHS
  • RES 4: 0.7493 Apr 12 high and key intraday resistance
  • RES 3: 0.7458 High Apr 20/21
  • RES 2: 0.7349 50-day EMA
  • RES 1: 0.7261 High Apr 25
  • PRICE: 0.7135 @ 17:15 BST Apr 27
  • SUP 1: 0.7101 Low Apr 27
  • 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 remains vulnerable and traded lower again Wednesday. The pair recently cleared support at 0.7165, the Mar 15 low and a key short-term bear trigger. The break of this level reinforces current bearish conditions and paves the way for a move towards 0.7095, the Feb 24 low. Initial resistance is seen at Monday’s intraday high of 0.7261. Firmer resistance however is set at 0.7349, the 50-day EMA.

127 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.7493 Apr 12 high and key intraday resistance
  • RES 3: 0.7458 High Apr 20/21
  • RES 2: 0.7349 50-day EMA
  • RES 1: 0.7261 High Apr 25
  • PRICE: 0.7135 @ 17:15 BST Apr 27
  • SUP 1: 0.7101 Low Apr 27
  • 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 remains vulnerable and traded lower again Wednesday. The pair recently cleared support at 0.7165, the Mar 15 low and a key short-term bear trigger. The break of this level reinforces current bearish conditions and paves the way for a move towards 0.7095, the Feb 24 low. Initial resistance is seen at Monday’s intraday high of 0.7261. Firmer resistance however is set at 0.7349, the 50-day EMA.