Free Trial

Bear Channel Top Continues To.....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bear Channel Top Continues To Cap 
*RES 4: A$1.5033 - High July 11
*RES 3: A$1.4965 - High Aug 4
*RES 2: A$1.4941 - Daily Bear channel top
*RES 1: A$1.4935 - High Aug 9
*PRICE: A$1.4906 @ 2100GMT
*SUP 1: A$1.4818 - Hourly support Aug 2, Bull channel base 
*SUP 2: A$1.4749 - 21-DMA 
*SUP 3: A$1.4680 - Low July 31 
*SUP 4: A$1.4667 - 100-DMA
*COMMENTARY: The bear channel top confirmed significance having capped last
week's gains. The 21-DMA remains key support with bears needing a close below to
confirm a break of the bull channel base and shift focus back to
A$1.4565-1.4680. Overall bears need a close below A$1.4570 to confirm focus on
the 200-DMA (A$1.4420). Bulls need a close above A$1.4965 to break the channel
top and confirm focus on A$1.5033-1.5109 where monthly highs are situated.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });