Free Trial

AUSSIE-YEN TECHS: Bulls Focused On 200-DMA * The.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Focused On 200-DMA
* The closes above Y83.16 add to bullish confidence and sees focus on Y84.53-89
where the 200-DMA is located. 
* Daily studies approaching O/B levels are a key concern for bulls. 
* Initial support is now noted at the July 10 high with bears needing a close
below to gain breathing room. 
* The Y81.59 support remains key this week. 
* Bears need a close below this level to confirm traction below the 21-DMA
(Y81.90) and shift focus back to Y80.24-63.

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.