Free Trial

Above $0.7985 Targets $0.8118-62.......>

AUSSIE TECHS
AUSSIE TECHS: Above $0.7985 Targets $0.8118-62
*RES 4: $0.8043 - High Feb 2
*RES 3: $0.7985 - Low Feb 1 now resistance
*RES 2: $0.7961 - 21-DMA
*RES 1: $0.7954 - High Feb 5
*PRICE: $0.7930 @ 2030GMT
*SUP 1: $0.7890 - Hourly resistance Feb 14 now support 
*SUP 2: $0.7867 - Hourly support Feb 14 
*SUP 3: $0.7819 - Hourly resistance Feb 14 now support 
*SUP 4: $0.7771 - Low Feb 14
*COMMENTARY: The recovery from another dip back towards the 200-DMA has been
aggressive and sees bulls looking for a close above $0.7985 to confirm a break
of the 21-DMA and return focus to the $0.8118-62 region where 2018 highs are
noted. Daily studies are well placed for a fresh leg higher. Bears need a close
below $0.7867 to gain breathing room. Overall below $0.7729 confirms breaks of
DMA & WMAS & shifts focus back to $0.7500 Dec lows.

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.