Free Trial

AUSSIE-YEN TECHS: Y88.74-90 Resistance Key This......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y88.74-90 Resistance Key This Week
*RES 4: Y89.67 - High Sept 25 
*RES 3: Y89.56 - Bollinger band top 
*RES 2: Y88.90 - High Sept 27 
*RES 1: Y88.74 - High Oct 5
*PRICE: Y88.58 @ 2000GMT
*SUP 1: Y88.48 - Hourly support Oct 18
*SUP 2: Y88.21 - Hourly resistance Oct 18 now support
*SUP 3: Y87.64 - 55-DMA
*SUP 4: Y87.23 - Low Oct 10
*COMMENTARY: The recovery from last week's low has resulted in a likely close
above the 21-DMA (Y88.30) and immediate focus back to key resistance layers.
Bulls need a close above Y88.90 to gain tracing above the 21-DMA and to shift
overall focus back to tests of 2017 highs. Bears now need a close below Y88.21
to ease bullish pressure and below Y87.23 to pressure the 100-DMA (Y86.83).

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.