Free Trial

Bearish Trend Intact Below 0.72........>

AUSSIE TECHS
AUSSIE TECHS: Bearish Trend Intact Below 0.72
Below 0.7200 keeps the bearish trend intact, with the Sep 11 YTD low at 0.7085
in sight, ahead of the key 0.7000 psychological level which is reported to hold
option-related support. Bulls need a convincing break and close above the 0.72
level to change the short-term outlook and focus on the 0.7310/15 area which
holds the 76.4% retracement level & long-term downtrend resistance off the Jan
26 2018 high.

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.