Free Trial

AUD/USD last $0.7213, a touch higher on......>

AUSSIE
AUSSIE: AUD/USD last $0.7213, a touch higher on the day, although the pair has
already reversed more than half of its earlier gains, that came about on the
back of Trump's positive remarks re: trade with China. 
- Bulls look to the 100-DMA at $0.7230, where the rate peaked today, and a clean
break above that level would shift their focus to the Dec 7 high at $0.7242.
Meanwhile, initial support is located at the Dec 11 lows of $0.7185, followed by
the Dec 10 low/lower Bollinger band (2%) at $0.7172/65. 
- Little in the way of tier one AU risk events noted in the remainder of the
week, the RBA's Dec meeting minutes are due next Tuesday, ahead of next
Thursday's AU labour market report.

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.