Free Trial
EUROZONE ISSUANCE

EGB Supply - W/C February 13, 2023 (Recap)

EUROSTOXX50 TECHS

(H3) Overbought Rally Falters

EUROZONE T-BILL ISSUANCE

W/C Feb 13, 2023

EUROZONE T-BILL ISSUANCE

W/C Feb 13, 2023 (Recap)

US TSY FUTURES

TU Blocked

BOJ

Fixed Rate Purchase Offer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bearish Price Action

AUDUSD TECHS
  • RES 4: 0.6650 50-day EMA
  • RES 3: 0.6656 High Sep 23
  • RES 2: 0.6547 High Oct 4 and key resistance
  • RES 1: 0.6363/6470 Low Sep 28 / 20-day EMA
  • PRICE: 0.6212 @ 18:39 BST Oct 14
  • SUP 1: 0.6170 Low Oct 13
  • SUP 2: 0.6133 1.382 proj of the Apr 5 - May 12 - Jun 3 price swing
  • SUP 3: 0.6099 76.4% retracement of the 2020 - 2021 bull cycle
  • SUP 4: 0.6035 1.50 proj of the Apr 5 - May 12 - Jun 3 price swing

AUDUSD traded lower last Thursday before rebounding from the day low. A bearish theme remains intact and short-term gains are considered corrective. The pair has recently cleared 0.6363, the Sep 28 low and bear trigger. The break confirms a resumption of the primary downtrend and the print below 0.6200 exposes 0.6133 next, a Fibonacci projection. On the upside, initial firm resistance to watch is 0.6470, the 20-day EMA.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.