Free Trial

Bulls Defend The 0.71 Level AUDUSD.....>

AUSSIE TECHS: Bulls Defend The 0.71 Level
AUDUSD dipped as low as 0.7098 yesterday before risk appetite helped support the
pair returning the focus to Wednesday's high at 0.7130. A break above here is
needed to establish a higher high and suggest a bullish break opening the
0.7145/50 level which holds the 100-dma & Mar 26 high. Above here opens a run at
the 0.72 level & 200-dma. Downside focus remains on the Mar 20 low at 0.7057,
with a break here needed to open the 50% retracement level & cloud base at

To read the full story



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.