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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.
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Free Access$0.7845-$0.7860 In Way Of Upside.......>
AUSSIE TECHS: $0.7845-$0.7860 In Way Of Upside Rejuvenation
*RES 4: $0.7903/11 38.2% of $0.8136-$0.7759, Feb 6 high
*RES 3: $0.7890 Intraday high
*RES 2: $0.7860 Intraday hourly basing area, now resistance
*RES 1: $0.7845 Hourly resistance
*PRICE: $0.7842 @1515GMT
*SUP 1: $0.7773 Hourly base Feb 9
*SUP 2: $0.7759 Feb 9 low
*SUP 3: $0.7744 61.8% Fibo of $0.7502-$0.8136
*SUP 4: $0.7710 2% volatility band
*COMMENTARY* Unable to sustain today's earlier break, which briefly saw levels
above the pivotal $0.7875 resistance. The subsequent fall has been swift, even
losing $0.7790 support. Now reliant on $0.7773-$0.7759 to hold the fall, else we
are likely on our way to $0.7744-$0.7710 next, perhaps even the swing target at
$0.7678. In the meantime, $0.7845-$0.7860 now stands in the way of renewed
upside potential, with $0.7903-$0.7911 the next key upside area.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.