Free Trial

Bulls Now Targeting Bull..........>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bulls Now Targeting Bull Channel Top 
*RES 4: A$1.5541 - Monthly High June 2 2016
*RES 3: A$1.5432 - Daily Bull channel top
*RES 2: A$1.5364 - High June 16 2016
*RES 1: A$1.5298 - High June 20 2016
*PRICE: A$1.5226 @ 2000GMT
*SUP 1: A$1.5138 - Low Oct 11 
*SUP 2: A$1.5104 - Low Oct 10 
*SUP 3: A$1.5079 - Hourly support Oct 9a 
*SUP 4: A$1.4995 - Hourly support Oct 5
*COMMENTARY: Bulls have not looked back since breaking A$1.5109 Friday with
fresh 2017 and 4mth highs seeing bulls shift focus to tests of the daily bull
channel top. The Bollinger top (A$1.5198) is the key concern for bulls with
potential to limit follow through. Bears now look for a close below A$1.5138 to
ease immediate bullish pressure and below A$1.5079 to shift focus back to key
DMAs A$1.4902-1.5003 and the bull channel base (A$1.4918).

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });