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Why MNI
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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 AccessClears Support
- RES 4: 0.7040 High Aug 16
- RES 3: 0.7009 High Aug 26
- RES 2: 0.6949 20-day EMA
- RES 1: 0.6908 Intraday high
- PRICE: 0.6858 @ 06:59 BST Aug 29
- SUP 1: 0.6841 Intraday low
- SUP 2: 0.6789 76.4% retracement of the Jul 14 - Aug 11 upleg
- SUP 3: 0.6719 Low Jul 15
- SUP 4: 0.6682 14 and the bear trigger
A bearish threat in AUDUSD firmed Friday following a sharp reversal from the intraday high of 0.7009. Today's move lower marks a bearish start to the week and this has resulted in a break of support at 0.6856, the Aug 23 low. The move lower has confirmed a resumption of the bear cycle that started Aug 11. Attention is on 0.6789, a Fibonacci retracement. On the upside, key short-term resistance has been defined at 0.7009.
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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.