Free Trial

Back On The Front Foot AUDUSD has......>

AUSSIE TECHS
AUSSIE TECHS: Back On The Front Foot
AUDUSD has recovered losses following yesterday's weak close, with the 0.7122
level now in sight as bulls look to recover the Oct 17 high at 0.7160 to improve
the short-term outlook. Above here would target the 0.7200 level and bear
channel top. Bears continue to target the Oct 26 low at 0.7021, ahead of the
psychological 0.70 level. A break here would likely accelerate the broader
downside move, opening channel base support & Jan 26 2016 low at 0.6920/19. 

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.