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Free AccessAnother $0.8036 Cap Sees Pressure......>
AUSSIE TECHS: Another $0.8036 Cap Sees Pressure Return On $0.7964-$0.7956
*RES 4: $0.8126 Sep 8 high
*RES 3: $0.8082 Initial pullback low Sep 8, now resistance
*RES 2: $0.8049/59 Sep 12, Sep 11 highs
*RES 1: $0.8036 Sep 15, intraday highs
*PRICE: $0.7970 @1540GMT
*SUP 1: $0.7964 4 month rising support line
*SUP 2: $0.7956 Sep 14 low
*SUP 3: $0.7922/34 Sep 1 low, 1% volatility band
*SUP 4: $0.7866/71 Aug 24, Aug 31 lows
*COMMENTARY* A high of $0.8126 this month, before the lower close on Sep 8
produced a potentially bearish 'Gravestone Doji'. Have fallen to a $0.7956 low
since, this subsequently keeping us above the 4 month rising support line for
the time being. Recovery has been capped a couple of times at $0.8036 since and
will need to move through here, before the chance of a better $0.8049-$0.8082
rise. Loss of $0.7964-$0.7956 will put pressure on the lower 1% volatility band.
To read the full story
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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.