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Free Access***AUDUSD printed fresh 10 year lows of......>
AUSSIE: ***AUDUSD printed fresh 10 year lows of $0.6677 Wednesday in sympathy
with the NZD after the unexpected RBNZ 50bps cut. The risk-averse theme also
played a part, but this has unwound somewhat and we are starting to see some
important candlestick patterns breached which could aid the recovery.
- AUDUSD charted an inverted hammer on Tuesday. Yesterday's close above $0.6800
was a bullish signal with upside focus on $0.6880 which represents the 50%
retracement level of the Jul-Aug fall.
- EURAUD charted a hanging man candle pattern on Tuesday. Yesterday's close
below A$1.6458 further cements the downtrend with support at A$1.6400 from the
Jun 25 high, below here opens A$1.6341 which represents the 50% retracement of
A$1.5894-1.6787.
- GBPAUD charted a shooting star candle which is a bearish reversal pattern. The
corrective pullback moved through the 50 & 200-dma's to A$1.7792, opening a
return to A$1.7714 which represents the 76.4% retracement of A$1.7561-1.8208.
To read the full story
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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.