Free Trial

Bears Look For A Break Below 0.72 .....>

AUSSIE TECHS
AUSSIE TECHS: Bears Look For A Break Below 0.72 
Bulls continue to cling to the 0.72 level which is gaining additional support
from its 21-dma, but the broader downtrend remains intact. A break below here
brings the Sep 11 YTD low at 0.7085 back into play, ahead of the psychological
0.7000 level which is reported to hold option-related support. Bulls need a
close above the 50-dma at 0.7282 and the Sep 27 high at 0.7315 to improve the
short-term outlook and extend the recovery.

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.