Free Trial

$0.7407-$0.7411 The Bar To A Higher....>

AUSSIE TECHS
AUSSIE TECHS: $0.7407-$0.7411 The Bar To A Higher $0.7423-$0.7458 Recovery
*RES 4: $0.7500 50% Fibo of $0.7677-$0.7323
*RES 3: $0.7457/58 Jun 22 high, 1% volatility band
*RES 2: $0.7423 Jun 26 high
*RES 1: $0.7407/11 Jun 27, Jun 29 highs
*PRICE: $0.7374 @0839GMT 
*SUP 1: $0.7362 Jun 28 high, now support
*SUP 2: $0.7336/40 Jun 29 low, hourly support
*SUP 3: $0.7323/27 Jun 27 low, 61.8% of $0.6827-$0.8136
*SUP 4: $0.7310 1% volatility band
*COMMENTARY* $0.7347-$0.7345 support gave way last week and the longer term
61.8% Fibo retrace level at $0.7327 had its cage rattled. A low of $0.7323 on
Wednesday, as we so far hold above the lower 1% volatility band at $0.7310. This
being the protection against a further $0.7252-$0.7235 fall. Meanwhile, back
above $0.7362-$0.7385 now has $0.7407-$0.7411 in the way of a higher
$0.7423-$0.7458 rise. As a result, $0.7362-$0.7336 reverts to support.

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.