Free Trial

Below A$1.5694 To Ease Bullish....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Below A$1.5694 To Ease Bullish Pressure
*RES 4: A$1.5967 - High May 9
*RES 3: A$1.5887 - High May 15
*RES 2: A$1.5825 - High June 27
*RES 1: A$1.5784 - High June 28
*PRICE: A$1.5737 @ 2130GMT
*SUP 1: A$1.5694 - Low June 27 
*SUP 2: A$1.5650 - Low June 22 
*SUP 3: A$1.5615 - Low June 20 
*SUP 4: A$1.5541 - Low June 18
*COMMENTARY: The break of A$1.5771 and the 100-DMA (A$1.5773) has so far lacked
follow through with O/B daily studies now weighing. In saying that, bears now
look for a close below A$1.5694 to confirm a break of the bull channel base
(A$1.5746) and return initial focus to A$1.5615-50. While A$1.5694 supports
bulls remain focused on A$1.5887-1.5967 but continue to look for a close above
A$1.5825 to add support to their case.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });