Free Trial

AUSSIE-YEN TECHS: Y81.59-82.24 Support Region Key....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y81.59-82.24 Support Region Key
* Despite bearish pressure on 2018 lows the past couple of weeks bears failed to
make fresh 2018 lows. 
* The bounce last week saw bulls gain breathing room with Monday's close above
55 & 100-DMAs shifting initial focus to Y83.63-85.00 where the 200-DMA (Y84.70)
is noted. 
* Layers of support are following the pair higher. 
* Bears now need a close below the Y82.24 to ease bullish pressure and below
Y81.59 to shift focus back to Y80.24-63.

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.