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Free AccessAUSSIE-YEN TECHS: Bulls Focused On 200-DMA * The.....>
AUSSIE-YEN TECHS: Bulls Focused On 200-DMA
* The closes above Y83.16 add to bullish confidence and see focus on Y84.53-89
where the 200-DMA is located.
* Daily studies looking to correct from O/B levels are a key concern for bulls.
* Initial support is now noted at Y82.99 but bears need a close below Y82.72 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
(Y82.01) and shift focus back to Y80.24-63.
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.