Free Trial

Bears Eyeing Range Lows Despite........>

AUSSIE TECHS
AUSSIE TECHS: Bears Eyeing Range Lows
Despite recovering the 0.71 handle on 'China banning coal imports is false'
headlines, AUDUSD has struggled for traction and keeps the downside in check.
Bears focus on a break of the Feb 12 low at 0.7054, below here opens the 50%
retracement level at 0.7018. To regain upside momentum, bulls need a close above
yesterday's high at 0.7207, which would bring the 200-dma at 0.7263 into view.

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.