Free Trial

AUDUSD holds in the middle of its narrow.....>

AUSSIE
AUSSIE: AUDUSD holds in the middle of its narrow 21 pip daily range, underpinned
by firmer USDCNH/CNY with added support via the crosses. Rate extended its
recovery off yesterday's YTD low ($0.7251) to $0.7283, before fading. Market
talk suggests leveraged sellers could be active on a break of $0.7300. AUDJPY
improved to Y80.69, while EURAUD comfortably held above the 200-dma to make a
brief show through A$1.5700. The 100-dma at A$1.5757 provides the next
resistance area.  

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.