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Why MNI
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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.
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Free AccessBears Need Close Below $0.7802 *RES....>
AUSSIE TECHS: Bears Need Close Below $0.7802
*RES 4: $0.8036 - High Sept 21
*RES 3: $0.7986 - High Sept 22
*RES 2: $0.7906 - Low Sept 22 now resistance
*RES 1: $0.7874 - High Jan 5
*PRICE: $0.7838 @ 2030GMT
*SUP 1: $0.7802 - Low Jan 3
*SUP 2: $0.7760 - Hourly support Dec 27
*SUP 3: $0.7729 - Highs Dec 25 & 26 now support
*SUP 4: $0.7700 - 200-DMA
*COMMENTARY: O/B daily studies looking to correct remain a key concern for bulls
who are initially focused on $0.7906 with overall focus on 2017 highs. Topside
hesitation to start the new week is less than ideal but bears continue to look
for a close below $0.7802 to gain breathing room. Bears still need a close below
the 200-DMA to shift initial focus to $0.7623 and hint at a move back to
$0.7499-00 with below $0.7580 to confirm.
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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.