Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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 Access

Breaches Key Support

  • RES 4: 0.7371 High Nov 15
  • RES 3: 0.7277/7314 High Jan 20 / High Jan 13
  • RES 2: 0.7208 50-day EMA
  • RES 1: 0.7130/7176 Low Jan 7 / 20-day EMA
  • PRICE: 0.6995 @ 15:23 GMT Jan 28
  • SUP 1: 0.6963 Low Jul 16, 2020
  • SUP 2: 0.6921 Low Jul 14, 2020
  • SUP 3: 0.6884 0.764 proj of the Oct ‘21 - Dec ‘21 - Jan price swing
  • SUP 4: 0.6759 50.0% Fibonacci retrace of the Mar ‘19 - Feb ‘21 rally

AUDUSD weakness has extended today and resulted in a break of key support at 0.6993/91, the Dec 3 2021 and Nov 2 2020 lows. The break of this support zone reinforces bearish conditions and confirms a resumption of the broader downtrend that started in February 2021. The focus is on 0.6963/21, the Jul 16 and Jul 14 2020 lows. Firm short-term resistance is seen at 0.7130, the Jan 7 low.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.