Free Trial

AUSSIE-YEN TECHS: Bulls Need Close Above Y82.70......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Need Close Above Y82.70
*RES 4: Y83.97 - Hourly support Mar 14 now resistance 
*RES 3: Y83.49 - Low Mar 14 now resistance 
*RES 2: Y82.70 - Low Mar 15 now resistance 
*RES 1: Y82.22 - Hourly support Mar 22 now resistance
*PRICE: Y81.61 @ 2130GMT
*SUP 1: Y81.11 - Hourly support Mar 28
*SUP 2: Y80.51 - 2018 Low Mar 23
*SUP 3: Y80.24 - Low Nov 11 2016
*SUP 4: Y76.78 - Monthly Low Nov 9 2016
*COMMENTARY: Fresh 2018 & 18mth lows were seen in recent weeks with Bulls
failing to trouble Y82.70. Bulls look for a close above Y82.70 to hint at a move
back to Y84.51-89 with above Y83.49 to confirm. Daily studies are now correcting
from O/S levels. While Y82.70 caps bears focus on the break of Y80.24 needed to
target Y75.95-76.78. The Bollinger base (Y80.50) remains the key concern for
bears.

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.