MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Clears Key Resistance

AUDUSD TECHS
  • RES 4: 0.6921 High Feb 20
  • RES 3: 0.6891 61.8% Feb - Jun Downleg
  • RES 2: 0.6860/65 3.0% 10-dma envelope / High Feb 22
  • RES 1: 0.6836 High Jun 13
  • PRICE: 0.6828 @ 16:12 BST Jun 14
  • SUP 1: 0.6693 Low Jun 9
  • SUP 2: 0.6657 20-day EMA
  • SUP 3: 0.6567/6458 Low May 31 and the bear trigger
  • SUP 4: 0.6403 76.4% of the Oct - Feb bull cycle

The AUDUSD bull cycle that started May 31 remains in play and the pair traded to a fresh short-term high again Wednesday. Price has now printed a higher low for ten consecutive sessions, a streak not seen since late 2017, where the streak extended to 16 trading days and spanned a ~5% rally. Today’s rally puts prices further north of 0.6818, the May 10 high and key resistance. This opens 0.6865 and above. On the downside, a strong reversal is required to refocus attention on 0.6458, the May 31 low. Initial firm support is seen at 0.6657, the 20-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.