Free Trial

AUSSIE-YEN TECHS: Below Y82.50 To Confirm Focus On...>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Below Y82.50 To Confirm Focus On 2018 Low
*RES 4: Y84.54 - High Mar 13 
*RES 3: Y83.97 - Hourly support Mar 14 now resistance 
*RES 2: Y83.47 - 21-DMA 
*RES 1: Y83.22 - Hourly support Mar 15 now resistance
*PRICE: Y82.89 @ 2030GMT
*SUP 1: Y82.50 - Low Mar 8
*SUP 2: Y82.03 - Low Mar 7
*SUP 3: Y81.47 - 2017 Low May 19, 2018 Low Mar 5
*SUP 4: Y80.24 - Low Nov 11 2016
*COMMENTARY: The lack of topside follow through this week has taken its toll
with a sharp sell-off and close below the 21-DMA that sees initial pressure on
the Y82.50 support and overall focus back on tests of the 2018 low and double
daily bottom at Y81.47. Daily studies are well placed for a fresh leg lower.
Bulls now need a close above the 21-DMA to gain breathing room and shift initial
focus back to Y84.51-89.

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.