Free Trial

AUD Buoyed by Less Dovish RBA AUD......>

AUSSIE TECHS
AUSSIE TECHS: AUD Buoyed by Less Dovish RBA
AUD squeezed to the top of G10 after the RBA failed to allude to a more neutral
view on MonPol and left its cash rate unchanged. This brings the 200-dma
(0.7289) back into view, a key level that has failed to close above since March.
The Dec 5 high is placed behind at 0.7356, ahead of a run at the 0.74 area.
Bears need a close below 0.72 & the 100-dma at 0.7174 to shift the outlook
neutral. A move below the Jan 25 low at 0.7076 would return the focus to the
38.2% retracement level at 0.7046.

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.