Free Trial

Bullish Rally Intact *RES 4: 0.7140....>

AUSSIE TECHS
AUSSIE TECHS: Bullish Rally Intact
*RES 4: 0.7140 High Apr 23
*RES 3: 0.7103 High Apr 24
*RES 2: 0.7082 High Jul 19 and key resistance
*RES 1: 0.7032 High Dec 31 and bull trigger
*PRICE: 0.7001 @ 06:09 GMT Jan 2
*SUP 1: 0.6941 Low Dec 27
*SUP 2: 0.6904 Low Dec 25
*SUP 3: 0.6883 Low Dec 20
*SUP 4: 0.6838 Low Dec 17 and key support
AUDUSD is bullish and seen likely to extend the current upward cycle. The pair
recently cleared key resistance at 0.6939, Dec 13 high. This confirmed a
resumption of the current uptrend and also reinforces what appears to be a
broader base that has been developing since August. The 0.7000 level has been
breached too, opening 0.7082 next, Jul 19 high. Initial support lies at 0.6941,
the Dec 27 low.

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.