Free Trial

AUSSIE-YEN TECHS: Bears Need Close Below Y82.58......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bears Need Close Below Y82.58
*RES 4: Y84.54 - High Mar 13 
*RES 3: Y83.97 - Hourly support Mar 14 now resistance 
*RES 2: Y83.75 - 55-DMA 
*RES 1: Y83.49 - Low Mar 14 now resistance
*PRICE: Y82.84 @ 2130GMT
*SUP 1: Y82.58 - Highs Apr 6 & 9 now support
*SUP 2: Y81.87 - Low Apr 6
*SUP 3: Y81.26 - Low Apr 4
*SUP 4: Y80.77 - Low Mar 28
*COMMENTARY: Pressure on Y82.70 took its toll with an aggressive break higher
and bullish close Tuesday. Bulls now look for a close above the 55-DMA to add
support the case for a move back to Y84.51-85.89 where key DMA and WMAs are
noted. Initial support is now found at Y82.58 with bears needing a close below
to ease bullish pressure and below Y81.87 to shift focus back to 2018 lows.

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.