Free Trial
ASIA FX

CNH Lags, KRW & INR Outperform

EURUSD TECHS

Resistance At The 50-Day EMA Remains Intact

SCHATZ TECHS

(M3) Bears Remain In The Driver’s Seat

AUSSIE BONDS

Strong Bid Ahead Of RBA Decision Tomorrow

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

AUSSIE-YEN TECHS: Bulls Need Close Above Y85.36......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Need Close Above Y85.36
*RES 4: Y86.19 - High Dec 5 
*RES 3: Y85.68 - High Dec 6 
*RES 2: Y85.36 - Hourly resistance Dec 6a 
*RES 1: Y85.19 - Hourly resistance Dec 6
*PRICE: Y84.91 @ 2030GMT
*SUP 1: Y84.65 - Low Nov 30
*SUP 2: Y84.33 - Monthly Low Nov 27
*SUP 3: Y83.72 - Low June 22
*SUP 4: Y83.71 - Daily Bear channel base
*COMMENTARY: The recovery from recent 5mth lows struggle around the 200-DMA with
follow through lacking on pops above. The close below Y85.34 Wednesday left the
pair looking heavy. Bears look for a close below Y84.33 to initially pressure
Y83.71-72 where the daily bears channel base is noted. Below the channel base is
needed to confirm focus on tests of Y81.46-76 where 2017 lows are noted. Bulls
still need a close above Y85.36 to ease bearish pressure.

To read the full story

Why Subscribe to

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.