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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 AccessMNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
Close above 0.6900 needed to...........>
AUSSIE TECHS: Close above 0.6900 needed to threaten bears:
*RES 4: 0.7022 High Jun 7 and key resistance
*RES 3: 0.6988 50-DMA
*RES 2: 0.6966 High Jun 11
*RES 1: 0.6924 20-day EMA
*PRICE: 0.6890 @ 15:08 GMT June 20
*SUP 1: 0.6832 Low Jun 18
*SUP 2: 0.6800 Round number support
*SUP 3: 0.6744 Low Jan 3
*SUP 4: 0.6740 Bear channel base
AUDUSD has thus far failed to establish itself above the 0.6900 level. For now
the bearish case remains the stronger argument following this week's breach of
the May lows. Further Aussie downside is favoured and the focus is on Tuesday's
low of 0.6832. A break would confirm a resumption of the bearish trend and
expose this year's low of 0.6745 which is now also within reach. Momentum
studies remain bearish.
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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.