Free Trial

Broad Sideways Trading Persists...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Broad Sideways Trading Persists 
*RES 4: A$1.5093 - High Aug 30
*RES 3: A$1.5064 - High Sept 21
*RES 2: A$1.5055 - Bollinger band top
*RES 1: A$1.4990 - High Sept 27
*PRICE: A$1.4958 @ 2100GMT
*SUP 1: A$1.4887 - 100-DMA 
*SUP 2: A$1.4868 - 55-DMA 
*SUP 3: A$1.4790 - Low Sept 21 
*SUP 4: A$1.4755 - 200-WMA
*COMMENTARY: The pair continues to trade sideways in a broad A$1.4732-1.5172
range with topside and bottom side follow through lacking last week. Bulls now
look for a close above A$1.5109 to confirm focus on A$1.5172-1.5226 where 2017
highs are situated. Bears continue to look for a close below the A$1.4790
support to target A$1.4529-65. Daily studies remain at largely neutral levels
and giving few clues at present.

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' }); });