Free Trial

$0.7967 Break Opens Way For............>

AUSSIE TECHS
AUSSIE TECHS: $0.7967 Break Opens Way For $0.8001-$0.8005 Next
*RES 4: $0.8081 2% volatility band
*RES 3: $0.8066 Jul 27 high
*RES 2: $0.8021/23 Swing and equality rise targets
*RES 1: $0.8001/05 1% vol band, 76.4% of $0.8066-$0.7808
*PRICE: $0.7965 @1617GMT 
*SUP 1: $0.7939/45 Hourly support
*SUP 2: $0.7922 Intraday low
*SUP 3: $0.7906 Aug 28 low
*SUP 4: $0.7885/95 Hourly congestion Aug 23-25
*COMMENTARY*  Finally seen another challenge to the 61.8% Fibo retrace level at
$0.7967. A high of $0.7983 so far as we reach out towards the upper 1%
volatility band and the 76.4% retrace level at $0.8001-$0.8005 next. Will
probably need to deal with the slightly higher $0.8021-23 area however, before
full confidence in the upside will be restored. Support in the meantime comes
from between $0.7945-$0.7939, ahead of the day's $0.7922 low.

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.