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Free AccessAbove $0.7481 To Gain Breathing Room...>
AUSSIE TECHS: Above $0.7481 To Gain Breathing Room
*RES 4: $0.7583 - Hourly resistance June 13
*RES 3: $0.7527 - Low June 13 now resistance
*RES 2: $0.7481 - High June 15
*RES 1: $0.7456 - High June 18
*PRICE: $0.7421 @ 2130GMT
*SUP 1: $0.7410 - 2018 Low May 9
*SUP 2: $0.7368 - Monthly Low June 1 2017
*SUP 3: $0.7326 - Monthly Low May 9 2017
*SUP 4: $0.7265 - Low Jan 5 2017
*COMMENTARY: Topside failures ahead of $0.7627 left the pair looking heavy last
week and provided the catalyst for a sharp sell-off that sees bears focused on
2018 lows once more and then $0.7326-68 May & June 2017 lows. Layers of
resistance have been left in the wake with bulls needing a close above $0.7481
to gain breathing room and above $0.7627 to shift initial focus back to layers
of resistance $0.7682-0.7735 where 100 & 200-DMAs are noted.
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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.