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Why MNI
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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Bullish, but suffers setbacks: *RES....>
AUSSIE TECHS: Bullish, but suffers setbacks:
*RES 3: 0.6927 61.8% retracement Jul 19 - Aug 7 sell-off
*RES 2: 0.6911 Low Jul 7
*RES 1: 0.6895 Intraday high
*PRICE: 0.6876 @ 15:21 GMT Sep 12
*SUP 1: 0.6837 Low Sep 9
*SUP 2: 0.6822 High Aug 8 and former breakout level
*SUP 3: 0.6794 Low Sep 5
AUDUSD remains bullish and extended gains throughout European hours. Bulls
suffered a slightly setback ahead of the close however, with prices pulling back
to flat as various China trade reports circulated. A clear break of 0.6880 Fib
resistance would open the 61.8% level at 0.6927. Bullish conditions hold, buoyed
by the recent break of former resistance at 0.6822, the high of Aug 8. The move
above 0.6822 confirmed bullish divergence between price and momentum and
confirmed a bullish reversal. Initial support is at 0.6837.
To read the full story
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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.