Free Trial

$0.7743-83 Support Region Key *RES.....>

AUSSIE TECHS
AUSSIE TECHS: $0.7743-83 Support Region Key
*RES 4: $0.7938 - 55-DMA
*RES 3: $0.7907 - Hourly support Sept 22 now resistance
*RES 2: $0.7883 - Hourly resistance Sept 27 
*RES 1: $0.7861 - High Sept 28
*PRICE: $0.7834 @ 2000GMT
*SUP 1: $0.7783 - Low Oct 3 
*SUP 2: $0.7781 - Low July 17, 21-WMA 
*SUP 3: $0.7771 - 100-DMA 
*SUP 4: $0.7743 - High July 13 now support
*COMMENTARY: Consolidation below the 55-DMA has seen the pair trade at fresh
3mth lows before again finding support ahead of the 21-WMA and 100-DMA which is
a concern for bears given daily studies looking to correct from O/S. Bears look
for a close below $0.7743 to confirm breaks of key MAs and to shift focus to the
200-DMA ($0.7655). Bulls look for a close above $0.7861 to gain breathing room
and above the 21-DMA ($0.7954) to shift focus back to $0.8036-0.8125.

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.