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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.
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Free AccessBulls need close above 100-dma: *RES...>
AUSSIE TECHS: Bulls need close above 100-dma:
*RES 3: 0.7098/7103 200-dma / High Apr 24
*RES 2: 0.7069 High Apr 30
*RES 1: 0.7033/48 100-dma/Intraday high & High May 7
*PRICE: 0.7018 @ 08:52 GMT July 4
*SUP 1: 0.6985 Low Jul
*SUP 2: 0.6956/55 Low Jul 1 / 50-dma
*SUP 3: 0.6936 Former bear channel resistance now support
AUDUSD has staged an impressive recovery off 0.6956, the Jul 1 low. The print
above 0.7036 yesterday and today is significant because it negates the bearish
threat following the bearish engulfing candle pattern on Jul 1. AUDUSD has now
cleared the 100-dma two times, but failed to close above giving more importance
to this level. A positive close would allow for a resumption of the uptrend and
reinforces the bullish significance of the bear channel breakout last week.
Support provided by the former channel top is at 0.6936 today and represents a
key level.
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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.