Free Trial

Continued Rise Still Beholden To.......>

AUSSIE TECHS
AUSSIE TECHS: Continued Rise Still Beholden To Upper 1% Volatility Band
*RES 4: $0.7940 2% volatility band
*RES 3: $0.7898 Oct 13 high
*RES 2: $0.7884/88 Oct 19 high, 61.8% of $0.8126-$0.7502
*RES 1: $0.7857/62 Intraday high, 1% volatility band
*PRICE: $0.7841 @1000GMT 
*SUP 1: $0.7770/80 Hourly support
*SUP 2: $0.7732 Dec 25 high, now support
*SUP 3: $0.7695 Dec 15 high, now support
*SUP 4: $0.7680 Congestion area Dec 18-21
*COMMENTARY* The rally still being contained by the upper 1% volatility band, at
$0.7862 by time today. A high of $0.7857 so far today, as we continue to make
our way towards the next band of resistance situated between $0.7884-$0.7898.
The latter the last significant high from mid October last year. Not a lot of
change to the nearest support of note, $0.7780-$0.7770 now protecting against a
correction of gains seen from last month's $0.7502 base.

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.