Free Trial

$0.7863-0.7895 Support Region Key......>

AUSSIE TECHS
AUSSIE TECHS: $0.7863-0.7895 Support Region Key
*RES 4: $0.7998 - Hourly resistance Aug 1
*RES 3: $0.7973 - High Aug 28
*RES 2: $0.7952 - Hourly support Aug 28 now resistance
*RES 1: $0.7940 - Hourly resistance Aug 29
*PRICE: $0.7927 @ 0430GMT
*SUP 1: $0.7903 - Hourly support Aug 29 
*SUP 2: $0.7895 - Hourly support Aug 25 
*SUP 3: $0.7889 - Daily Bull channel base 
*SUP 4: $0.7863 - Low Aug 24
*COMMENTARY: Support around the bull channel base last week provided the
catalyst for a break of the key $0.7963 resistance with bulls now focused on
$0.8044-65 where 2017 highs are located. Support layers are building with bears
needing a close below $0.7903 To confirm a false break and below $0.7863 to
confirm a break of the channel base ($0.7889) and shift immediate focus to
$0.7789-0.7807 where the 55-DMA ($0.7796) is located.

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.