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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.
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Free AccessMNI POLITICAL RISK ANALYSIS - Week Ahead 9-15 Dec
MNI US MARKETS ANALYSIS - AUD/JPY Finds Bottom on China News
Clears Resistance
- RES 4: 0.6723 High Aug 1
- RES 3: 0.6656 61.8% retracement of the Jul 13 - Oct 26 bear leg
- RES 2: 0.6644 3.0% 10-dma envelope
- RES 1: 0.6616 High Oct 8
- PRICE: 0.6570 @ 07:54 GMT Nov 21
- SUP 1: 0.6453 Low Nov 17
- SUP 2: 0.6426/6339 50-day EMA / Low Nov 10
- SUP 3: 0.6315 Low Oct 31
- SUP 4: 0.6270 Low Oct 26 nand the bear trigger
AUDUSD maintains a firmer tone and the pair is trading higher once again today. The latest rally has resulted in a clear break of former resistance at 0.6522, the Aug 30 and Sep 1 high. The breach is an important short-term bullish development and signals scope for a continuation higher near-term towards 0.6616 next, the Oct 8 high. Initial firm support is at 0.6426, the 50-day EMA.
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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.