Free Trial

$0.7484 Resistance Key This Week *.....>

AUSSIE TECHS
AUSSIE TECHS: $0.7484 Resistance Key This Week
* Bulls took comfort in the failure to make fresh 2018 lows and the bounce to
end last week that returned pressure to the $0.7442-84 resistance region. 
* Bulls still need a close above $0.7484 to confirm a break of the 55-DMA
($0.7474) and hint at a move back to $0.7564-0.7735 where 100 ($0.7564) & 200
($0.7667) DMAs are located with above $0.7552 confirming. 
* While $0.7484 caps bears retain initial focus on retests of 2018 lows and now
need a close below $0.7434 to gain breathing room.

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.