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Free AccessBullish Focus Remains Intact
- RES 4: 0.7736 2.0% 10-dma envelope
- RES 3: 0.7732 High Apr 20, 2018
- RES 2: 0.7677 High Jun 6, 2018
- RES 1: 0.7640 High Dec 17 and the bull trigger
- PRICE: 0.7594 @ 06:51 GMT Dec 29
- SUP 1: 0.7518 20-day EMA
- SUP 2: 0.7462 Low Dec 21 and a bear trigger
- SUP 3: 0.7427 Low Dec 10
- SUP 4: 0.7395 50-day EMA
AUDUSD is mostly unchanged and maintains a bullish outlook. The pair traded to a fresh trend high of 0.7640 on Dec 17 reinforcing a bullish theme. Moving average studies are in a bull mode and together with a positive price sequence of higher highs and higher lows, reinforce the current bullish theme. The focus is on 0.7677 next, Jun 6, 2018 high. Key support is at 0.7462, a break would alter the short-term picture. 0.7640 is the bull trigger.
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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.