Free Trial

0.71 Proving Hard to Overcome AUDUSD...>

AUSSIE TECHS
AUSSIE TECHS: 0.71 Proving Hard to Overcome
AUDUSD once again stalled ahead of the 0.71 level, with the retracement
extending back toward 0.7050. This level is now starting to grow in importance
with a break needed to challenge the 100-dma & Feb 25 high at 0.7160/84. Bears
downside focus remains on the psychological 0.70 level. A break below here would
resume the longer term downtrend and open the Jan 3 ytd low.

To read the full story

Close

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.