Trial now
MNI EXCLUSIVE

MNI Speaks With St. Louis Fed President Bullard

USDCAD TECHS

Heading South

AUDUSD TECHS

Remains Vulnerable

EURJPY TECHS

Bullish Within Its Channel

USDJPY TECHS

Trendline Remains Intact

JGB TECHS

(M1) Remains Below Recent Highs

AUSSIE TECHS
AUSSIE TECHS: 0.70 Under Pressure
Having initially found support around 0.7000/05, AUD bears took out this key
level extending the downtrend to 0.6988. A close below 0.70 would see the
downtrend continue with full force. This would bring the 61.8% retracement of
the Jan recovery at 0.6953, ahead of the lower boundary of the 3.0% 10-dma
envelope. Below here would return the focus to the Jan 3 flash crash lows of
0.6741. To stabilise the outlook bulls need to recover the 0.7100 level, while a
break back above the 100-dma at 0.7124 would shift the outlook positive and open
the 200-dma & 0.72 level.