Free Trial

A$1.5630 & A$1.5796 Levels........>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: A$1.5630 & A$1.5796 Levels Remain Key
*RES 4: A$1.5968 - High Feb 12 2016
*RES 3: A$1.5838 - Weekly Bollinger band top
*RES 2: A$1.5809 - Daily Bollinger band top
*RES 1: A$1.5796 - 2018 High Feb 6
*PRICE: A$1.5682 @ 2030GMT
*SUP 1: A$1.5630 - Low Feb 5 
*SUP 2: A$1.5586 - Alternating daily support/resistance 
*SUP 3: A$1.5510 - Hourly support Feb 1 
*SUP 4: A$1.5469 - Alternating hourly support/resistance
*COMMENTARY: The lack of follow through on recent 2018 & 2yr highs remains less
than ideal for bulls who look for a close above to reconfirm initial focus on
A$1.5968. Layers of support remain in place with bears still needing a close
below A$1.5630 to ease bullish pressure and below A$1.5586 to shift focus back
to A1.5454-72 where 21 & 55-DMAs are situated. Daily studies lingering at O/B
levels remains a concern for bulls given topside hesitation.

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' }); });