MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bearish Threat Following Friday’s Sell-Off

AUDUSD TECHS
  • RES 4: 0.7393 High Nov 10
  • RES 3: 0.7371 High Nov 15
  • RES 2: 0.7348 Former channel base drawn from the Aug 20 low
  • RES 1: 0.7314 High Jan 13
  • PRICE: 0.7201 @ 06:55 GMT Jan 17
  • SUP 1: 0.7155 Low Jan 11
  • SUP 2: 0.7130 Low Jan 7
  • SUP 3: 0.7082 Low Dec 20 and a key support
  • SUP 4: 0.7069 76.4% retracement of the Dec 3 - Jan 13 upleg

AUDUSD traded to a high of 0.7314 last week before pulling back and Friday’s sell-off erased Wednesday’s strong gains. The pullback is a concern for bulls and a deeper retracement would expose support at 0.7130, the Jan 7 low. Clearance of this support would strengthen a bearish case. A turn higher and importantly a break of 0.7314, would resume the recent upleg. This would open 0.7348, a former channel base.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.