Free Trial

AUSSIE-YEN TECHS: Bears Focused On 100-WMA *RES 4:...>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bears Focused On 100-WMA
*RES 4: Y85.45 - Hourly support Nov 17 now resistance 
*RES 3: Y85.06 - High Nov 27 
*RES 2: Y84.80 - Hourly support Nov 27a now resistance 
*RES 1: Y84.54 - Hourly support Nov 27 now resistance
*PRICE: Y84.46 @ 2030GMT
*SUP 1: Y83.71 - Low June 22
*SUP 2: Y83.15 - 100-WMA
*SUP 3: Y82.56 - Low June 12
*SUP 4: Y81.76 - Monthly Low June 6
*COMMENTARY: The double daily bottom around Y84.48 has been taken out with the
pair remaining heavy and immediate focus now on the Y83.15-71 region where the
100-WMA is situated. Bears continue to look for a close below the 100-WMA to
target 2017 lows (Y81.49). Layers of resistance are building with bulls needing
a close above Y85.45 to ease bearish pressure and above Y86.58 to confirm breaks
of 21 & 200-DMAs, shifting focus to Y87.47-72.

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.