Free Trial

AUSSIE-YEN TECHS: Y83.00 Resistance Remains Key *....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y83.00 Resistance Remains Key
* Bears have failed to further capitalise on last week's bearish key day
reversal with the pair recovering some lost ground. 
* In saying that, bulls continue to look for a close above Y83.00 to gain
breathing room and above Y83.92 to return focus to Y84.40-89 where the 200-DMA
is situated. 
* While Y83.00 caps bears retain an advantage but now need a close below Y82.55
to ease pressure on the Y83.00 resistance. 
* Overall below Y81.59 is needed to confirm a return in focus 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.