Free Trial
OIL OPTIONS

Brent Option Expiry: Mon 27th June

US EURODLR FUTURES

Short End Gap Bid

NATURAL GAS

South Korea's Kepco Opts for Coal to Save Gas

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSSIE TECHS
AUSSIE TECHS: Approaches Trendline Resistance
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6782/95 50-dma / High Feb 20
*RES 2: 0.6662 38.2% Jan - Feb decline
*RES 1: 0.6642/45 Trendline resistance drawn off the Jan 2 high / High Mar 3
*PRICE: 0.6609 @ 17:03 GMT Mar 4
*SUP 1: 0.6510 Low Mar 3
*SUP 2: 0.6434 Low Feb 28 and bear trigger
*SUP 3: 0.6422 1.382 projection of Jan 16 - Feb 4 decline from Feb 5 high
*SUP 4: 0.6392 1.50 projection of Jan 16 - Feb 4 decline from Feb 5 high
AUDUSD is well off Friday's lows but still has hurdles to clear before a base is
confirmed. Price action is trading just short of an important trendline
resistance drawn off the Jan 1 high. The line intersects at 0.6642. A break of
the trendline would improve the outlook for the Aussie and also pave the way for
a climb towards 0.6695. On the downside, initial support lies at 0.6510. The key
support though is at 0.6434, the Feb 28 low. A break would resume the downtrend.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.