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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 AccessMNI China Daily Summary: Monday, November 25
$1.3563 Resistance Now Key *RES 4:......>
CABLE TECHS: $1.3563 Resistance Now Key
*RES 4: $1.4006 Monthly Low Apr 6 2016 now resistance
*RES 3: $1.3563 High June 27 2016
*RES 2: $1.3480 Monthly High July 15 2016
*RES 1: $1.3400 2017 High Sept 15, 100-WMA
*PRICE: $1.3392 @ 0430GMT
*SUP 1: $1.3373 Hourly resistance Sept 14 now support
*SUP 2: $1.3344 Hourly support Sept 14
*SUP 3: $1.3298 Hourly resistance Sept 12 now support
*SUP 4: $1.3262 Hourly support Sept 12
*COMMENTARY: The break of $1.3159 was quickly reversed with an aggressive rally
that sees the pair pressuring the 100-WMA having traded at fresh 2017 & 14mth
highs. The Bollinger top ($1.3383) and O/B studies remain key concerns for
bulls. In saying that, bears now need a close below $1.3344 to ease immediate
bullish pressure and hint at a correction back to $1.3147 lows from Thursday.
Bulls now look for a close above $1.3563 to shift initial focus to $1.4006.
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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.