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MNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
AUSSIE-YEN TECHS: Overall Focus Shifts to 2017.......>
AUSSIE-YEN TECHS: Overall Focus Shifts to 2017 High
*RES 4: Y89.09 - High Oct 23
*RES 3: Y88.37 - Low Oct 19 now resistance
*RES 2: Y88.09 - High Nov 2
*RES 1: Y87.72 - Alternating hourly support/resistance
*PRICE: Y87.39 @ 2350GMT
*SUP 1: Y87.02 - 100-DMA
*SUP 2: Y86.56 - 55-DMA
*SUP 3: Y86.28 - Hourly support Dec 19
*SUP 4: Y85.85 - 200-DMA
*COMMENTARY: Gains continue with pressure on the 100-DMA taking its toll and the
close above Thursday shifting overall focus to tests of 2017 highs (Y90.30). O/B
daily studies and the Bollinger top (Y87.32) are key concerns for bulls with
potential to limit follow through. Bears now need a close below the 100-DMA to
gain breathing room and below the 55-DMA to shift initial focus back to
Y85.55-85 where 21 & 200-DMAs are situated.
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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.