Free Trial

AUSSIE-YEN TECHS: Y81.87-82.55 Support Region Key....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y81.87-82.55 Support Region Key
*RES 4: Y84.06 - High Apr 13 
*RES 3: Y83.94 - High Apr 19 
*RES 2: Y83.59 - Hourly support Apr 18 now resistance 
*RES 1: Y83.15 - High Apr 20
*PRICE: Y82.74 @ 2130GMT
*SUP 1: Y82.55 - 21-DMA
*SUP 2: Y82.43 - Low Apr 20
*SUP 3: Y81.87 - Low Apr 6
*SUP 4: Y81.26 - Low Apr 4
*COMMENTARY: The Y84.06 resistance confirmed significance with an aggressive
rejection ahead of this level Thursday leaving the pair looking heavy and
initial focus back on the 21-DMA. Bears need a close below Y82.43 to hint at a
move back to 2018 lows with below Y81.87 to confirm. Correcting O/B studies are
weighing with bulls needing a close above Y83.15 to gain breathing room and
above Y84.06 to shift initial focus to Y84.89-85.59.

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.