Free Trial

Bullish Reversal AUDUSD is starting....>

AUSSIE TECHS
AUSSIE TECHS: Bullish Reversal
AUDUSD is starting to form a bullish reversal pattern with a break of the bear
channel top & 0.7200 level, confirming its biggest up day since March 2017. A
close above opens the double-top resistance area at $0.7238/43, ahead of the
100-dma at 0.7273. Bears need a break of the Oct 26 low at 0.7021 to regain
control, opening the psychological 0.70 level. Below here would likely
accelerate the broader downside trend, opening channel base support & Jan 26
2016 low at 0.6920/19.

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.