Free Trial

21-DMA Resistance Confirming......>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: 21-DMA Resistance Confirming Significance 
*RES 4: A$1.5559 - High Dec 13
*RES 3: A$1.5526 - High Dec 20
*RES 2: A$1.5467 - Hourly support Dec 21 now resistance
*RES 1: A$1.5428 - 21-DMA
*PRICE: A$1.5346 @ 2030GMT
*SUP 1: A$1.5307 - Low Jan 4 
*SUP 2: A$1.5275 - Low Dec 27 
*SUP 3: A$1.5195 - Low Nov 13 
*SUP 4: A$1.5207 - 100-DMA
*COMMENTARY: The failure to trouble the 100-DMA is less than ideal for bears
with the pair bouncing back towards the 21-DMA. Bulls still need a close above
the 21-DMA to hint at a move back to A$1.5694-1.5774 with above A$1.5526 to
confirm. While the 21-DMA caps bears retain the upper hand with a close below
the 100-DMA still needed to see bears targeting the 200-DMA (A$1.4960).

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });