Free Trial

AUSSIE-YEN TECHS: Bulls Targeting 2017 High *RES.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Targeting 2017 High
*RES 4: Y89.30 - 2017 High Sept 21 
*RES 3: Y89.67 - High Sept 25 
*RES 2: Y89.09 - High Oct 23 
*RES 1: Y88.37 - Low Oct 19 now resistance
*PRICE: Y87.89 @ 2030GMT
*SUP 1: Y87.75 - Hourly resistance Dec 27 now support
*SUP 2: Y87.08 - 100-DMA
*SUP 3: Y86.57 - 55-DMA
*SUP 4: Y86.28 - Hourly support Dec 19
*COMMENTARY: Gains continue with pressure on the 100-DMA taking its toll and the
close above shifting overall focus to tests of 2017 highs (Y90.30). O/B daily
studies and the Bollinger top (Y88.43) are key concerns for bulls with potential
to limit follow through. Bears need a close below Y87.75 to gain breathing room
and below the 55-DMA to shift initial focus back to Y85.90-94 where the 200-DMA
is situated.

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.