Free Trial

Bears in Control Souring risk..........>

AUSSIE TECHS
AUSSIE TECHS: Bears in Control
Souring risk appetite through Asia spilled over into Europe. AUDUSD bears
breached the 50-dma & cloud base support, before basing ahead of 0.7150. The
76.4% retracement level provides the next layer of support at 0.7109, a break
opens the ytd low at 0.7021. Bulls need to recover the 100-dma at 0.7227, before
focusing on 0.7302 which represents the 61.8% retracement of the December
downtrend. Above here opens the 200-dma at 0.7393, ahead of the 0.7400 level.

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.