Free Trial

$0.7443-81 Resistance Key This Week....>

AUSSIE TECHS
AUSSIE TECHS: $0.7443-81 Resistance Key This Week
*RES 4: $0.7530 - 55-DMA
*RES 3: $0.7481 - High June 15, 21-DMA
*RES 2: $0.7443 - Highs June 25 & 26
*RES 1: $0.7409 - High June 29
*PRICE: $0.7390 @ 0250GMT
*SUP 1: $0.7365 - Hourly resistance June 27 now support 
*SUP 2: $0.7323 - 2018 Low June 27 
*SUP 3: $0.7265 - Low Jan 5 2017 
*SUP 4: $0.7246 - High Dec 30 2016 now support
*COMMENTARY: Fresh 2018 & 18mth lows Wed saw bears shift focus to $0.7152 Dec
2016 monthly lows although the weekly bear channel base ($0.7216) may slow the
move. Correcting O/S studies provided the impetus for a bounce last week. In
saying that, bulls need a close above $0.7443 to gain breathing room and above
$0.7481 to shift initial focus back to $0.7530-0.7627 where the 55 DMA is
located. Above the 55-DMA then initially targets $0.7627-0.7735.

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.