Free Trial

AUSSIE-YEN TECHS: Overall Focus Back On..............>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Overall Focus Back On Y83.79-84.51
*RES 4: Y84.21 - 100-DMA 
*RES 3: Y84.06 - High Apr 13 
*RES 2: Y83.94 - High Apr 19 
*RES 1: Y83.87 - 100-WMA
*PRICE: Y83.39 @ 2130GMT
*SUP 1: Y82.58 - Hourly resistance May 16 now support
*SUP 2: Y82.16 - Low May 16
*SUP 3: Y82.00 - High May 9 now support
*SUP 4: Y81.13 - Low May 9
*COMMENTARY: Support emerging on dips back towards Y82.00 provided the impetus
for a close above Y82.78 Wednesday, shifting overall focus to Y83.79-84.51 where
key DMA and WMAs are situated. Support layers building add to bullish
confidence. Bears now need a close below Y82.58 to gain breathing room and below
Y82.00 to confirm breaks of 21 & 55-DMAs and reconfirm focus on Y80.51-81.13
where 2018 lows are 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.