Free Trial

Bears Target Jan 25 Low Recovery.......>

AUSSIE TECHS
AUSSIE TECHS: Bears Target Jan 25 Low
Recovery efforts have so far remained shallow and keeps downside focus on the
Jan 25 low at 0.7076. Below here would open the 50% retracement level at 0.7018,
ahead of the Jan 4 low at 0.6994. Bulls need a close above the 100-dma & 0.72 to
change the outlook, putting focus back on the 200-dma at 0.7285, a key level
that hasn't been closed above since March.

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.