Free Trial

Bull Run Intact *RES 4: 0.7119 1.618...>

AUSSIE TECHS
AUSSIE TECHS: Bull Run Intact
*RES 4: 0.7119 1.618 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.7082 High Jul ao, 2019
*RES 2: 0.7032 High Dec 31, 2019 and key resistance
*RES 1: 0.6983 Intraday high
*PRICE: 0.6900 @ 10:43 BST Jun 3
*SUP 1: 0.6887 Intraday low
*SUP 2: 0.6775 Low Jun 2
*SUP 3: 0.6646 Low Jun 1
*SUP 4: 0.6616 High May 20
AUDUSD maintains its bullish theme despite pulling away from earlier highs.
Impulsive gains Tuesday resulted in the pair completing the second leg of a
V-shaped recovery and printing the best levels since January. The focus is on an
extension higher towards key resistance at 0.7032, Dec 31 2019 high. A break of
this level would confirm again a resumption of the bull trend and open 0.7082,
Jul 19 2019 high. Support is at yesterday's low of 0.6775.

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.