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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Bounce Likely A Correction
- RES 4: 0.8164 High May 15, 2015
- RES 3: 0.8136 High Jan 2018 and Major Resistance
- RES 2: 0.8007 High Feb 25 and the bull trigger
- RES 1: 0.7883 High Feb 26
- PRICE: 0.7816 @ 06:39 GMT Mar 3
- SUP 1: 0.7701/7693 50-day EMA / Low Feb 26
- SUP 2: 0.7651 Low Feb 8
- SUP 3: 0.7583/64 Low Feb 5 / Low Feb 2 and the bear trigger
- SUP 4: 0.7557 Low Dec 28
Despite this week's recovery, AUDUSD remains vulnerable following last week's sharp sell-off from 0.8007, Feb 25 high. Price action has so far managed to find support at the 50-day EMA that intersects at 0.7701. A clear break of the average would signal scope for a deeper pullback and open the 0.7600 handle and potentially below. Initial resistance is at 0.7883, Feb 26 high with the bull trigger for a resumption of gains defined at 0.8007.
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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.