CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bullish With Major Resistance Breached

AUDUSD TECHS
  • RES 4: 0.7583 High Jun 14, 2018
  • RES 3: 0.7516 76.4% of 2018-19 downleg
  • RES 2: 0.7484 High Jul 9 and 10, 2018
  • RES 1: 0.7450 High Dec 3
  • PRICE: 0.7428 @ 06:18 GMT Dec 7
  • SUP 1: 0.7398 Low Dec 3
  • SUP 2: 0.7339 Low Nov 30 and key near-term support
  • SUP 3: 0.7331 20-day EMA
  • SUP 4: 0.7284 Low Nov 24

AUDUSD is consolidating and holding onto recent gains. A bullish outlook remains intact. This follows last week's break of key resistance at 0.7414, confirming a resumption of the uptrend that has been in place since the Mar 19 reversal. Note, moving average studies are also in a bull mode reinforcing current conditions. Attention is on 0.7484, a high last seen in July 2018. Key short-term support lies at 0.7339, Nov 30 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.