Free Trial

$0.7894-0.7989 Resistance Region Key...>

AUSSIE TECHS
AUSSIE TECHS: $0.7894-0.7989 Resistance Region Key
*RES 4: $0.7965 - Hourly support Feb 16a now resistance
*RES 3: $0.7941 - Hourly support Feb 16 now resistance
*RES 2: $0.7910 - Hourly resistance Feb 20
*RES 1: $0.7894 - 21-DMA
*PRICE: $0.7844 @ 0530GMT
*SUP 1: $0.7779 - 200-DMA 
*SUP 2: $0.7729 - High Dec 25 now support 
*SUP 3: $0.7694 - High Dec 15 now support 
*SUP 4: $0.7629 - Low Dec 14
*COMMENTARY: The break of $0.7867 last week shifted initial focus on
$0.7229-0.7779 where 100 & 200-DMAs are located although follow through has been
lacking. Bears continue to look for a close below $0.7729 to end bullish hopes
and shift focus to $0.7500 Dec lows. Bulls now need a close above the 21-DMA to
ease bearish pressure and above $0.7989 to return focus to $0.8118-62 where 2018
highs and May 2015 monthly highs are noted.

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.