Free Trial

Key Support Remains Exposed


Pullback Extends, But Still Looks Corrective in Nature


FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Channel Break Provides Bulls Hope......>

AUSSIE TECHS: Channel Break Provides Bulls Hope
*RES 4: $0.7730 - High Nov 2
*RES 3: $0.7690 - 200-DMA
*RES 2: $0.7687 - 55-DMA
*RES 1: $0.7654 - High Dec 5
*PRICE: $0.7631 @ 2030GMT
*SUP 1: $0.7596 - Hourly support Dec 13 
*SUP 2: $0.7580 - Hourly breakout level Dec 12 
*SUP 3: $0.7543 - Hourly support Dec 12 
*SUP 4: $0.7530 - Low Dec 12
*COMMENTARY: The recovery from last week's low now sees the pair trading above
the channel top ($0.7598) and a close above needed to shift focus to layers of
resistance $0.7653-0.7803 where key DMAs are situated. A close above the 100-DMA
($0.7803) is needed to shift overall focus back to 2017 highs. Bulls look for a
close above the 200-DMA to add support to their case. The $0.7580 level is key
support with bears needing a close below to retain focus on $0.7500.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.