Free Trial

AUSSIE-YEN TECHS: Supported Ahead Of 21-DMA *RES.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Supported Ahead Of 21-DMA
*RES 4: Y89.47 - Low Dec 7 2015 now resistance 
*RES 3: Y89.41 - 2017 High July 27 
*RES 2: Y88.81 - High July 28 
*RES 1: Y88.35 - High July 31
*PRICE: Y88.21 @ 2100GMT
*SUP 1: Y87.84 - Low July 31
*SUP 2: Y87.68 - 21-DMA
*SUP 3: Y87.45 - Hourly support July 13
*SUP 4: Y87.24 - High Mar 20 now support
*COMMENTARY: Bulls take comfort in the bounce from ahead of the 21-DMA following
the break of the Y88.17 support. The Y87.45-88.35 support region remains key.
Bears need a close below Y87.45 to confirm a break of the 21-DMA and shift focus
back to Y85.67. Layers of resistance building is a concern for bulls who need a
close above Y88.81 to gain breathing room and return immediate focus to 2017
highs.

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.