Free Trial

AUDUSD has added 15 or so pips on the........>

AUSSIE
AUSSIE: AUDUSD has added 15 or so pips on the session thus far to deal at
0.7580, with AUDNZD adding a similar amount of pips to trade around 1.0720.
- AUDUSD's Immediate focus remains on the December 2017 lows (0.7498), although
oversold daily studies and the Bollinger base (0.7562) are concerns for bears,
with the latter holding in Asia-Pacific hours. Layers of resistance accumulating
add weight to the bearish case with yesterdays hourly resistance coming in at
0.7590.
- AUDNZD's bounce from the recent 2018 & 9mth lows confirmed the significance of
the long term rising daily trend line off 2015 lows with the close above the
55-DMA (1.0671) now shifting focus to the 21-WMA & 100-DMA (1.0795). Bears look
for a close below the 55-DMA to gain breathing room.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.