Free Trial

100-DMA Holding Firm Despite dipping...>

AUSSIE TECHS
AUSSIE TECHS: 100-DMA Holding Firm
Despite dipping back under the 0.72 level, AUDUSD has so far managed to hold
above the 100-dma at 0.7174, keeping the recovery alive. Bulls initial focus
turns to the Jan 11 high & 76.4% retracement level at 0.7235/40. On the
downside, a close below 0.7174 would give bears renewed momentum, targeting the
Jan 7 low at 0.7110, ahead of a run at broken trendline resistance-turned
support at 0.6972.

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.