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Fades off the highs

CORN TECHS

(N2) Breaches The 50-Day EMA

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Roll pace update

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Clears Key Short-Term Support

AUDUSD TECHS
  • RES 4: 0.7807 Trendline resistance drawn off the Feb 25 high
  • RES 3: 0.7757 High Mar 22
  • RES 2: 0.7699 Low Mar 17
  • RES 1: 0.7636 Intraday high
  • PRICE: 0.7596 @ 06:48 GMT Mar 24
  • SUP 1: 0.7564 Low Feb 2 and a key support
  • SUP 2: 0.7517 Low Dec 22
  • SUP 3: 0.7462 Low Dec 21
  • SUP 4: 0.7418 23.6% retracement of the Mar 2020 - Feb rally

AUDUSD traded lower Tuesday and maintains a softer tone. The pair has this week breached support at 0.7621, Mar 9 low and a bear trigger. The break lower confirms a resumption of the bearish cycle that started at 0.8007, Feb 25 high and the move lower paves the way for weakness towards 0.7564 next, the Feb 2 low and below. On the upside, key resistance has been established at 0.7849, Mar 18 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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