Free Trial

100-dma Next Up Improved risk..........>

AUSSIE TECHS
AUSSIE TECHS: 100-dma Next Up
Improved risk appetite underpinned the AUD with gains extending toward 0.7135.
The 100-dma & Mar 21 high provide the initial targets for bulls at 0.7152/68,
with a close above here bringing the Feb 27 high and 200-dma into view at
0.7199/7206. On the downside bears look for a break of the Mar 27 & Mar 20 lows
at 0.7069/57. Below here opens the 50% retracement level at 0.7018, ahead of the
key psychological 0.70 level.

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.