Free Trial

Bulls Need Close Above $0.7718 *RES....>

AUSSIE TECHS
AUSSIE TECHS: Bulls Need Close Above $0.7718
*RES 4: $0.7820 - Falling daily TL off 2018 high
*RES 3: $0.7810 - 200-DMA
*RES 2: $0.7784 - High Mar 22
*RES 1: $0.7718 - Hourly resistance Mar 27
*PRICE: $0.7709 @ 0430GMT
*SUP 1: $0.7667 - Hourly support Apr 3 
*SUP 2: $0.7630 - 100-WMA, Low Dec 14 
*SUP 3: $0.7598 - Bollinger band base 
*SUP 4: $0.7580 - High Dec 12 now support
*COMMENTARY: Recent hesitation ahead of 2018 lows has seen the pair correct
higher with bulls needing a close above $0.7718 to gain breathing room and above
the 55-DMA ($0.7845) to shift initial focus to $0.7916 and overall focus back to
$0.8135-62. Bears currently focus on $0.7500-80 and look for a close below the
100-WMA to add weight to their case.

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.