Free Trial

Bullish Break Remains Intact For Now...>

AUSSIE TECHS
AUSSIE TECHS: Bullish Break Remains Intact For Now
AUDUSD remains above its 50-dma at 0.7161 and broken down trendline
resistance-turned-support from the Feb highs, which comes in at 0.7150. Above
here keeps the focus on the upside and on the 0.73 level which is growing in
importance. Bulls need a close above here to challenge the Sep 26 high at
0.7315, ahead of the 0.7400 congestion zone. Bears need a close below the 50-dma
to open the Oct 26 low at 0.7021. 

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.