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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 US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Corrective Bounce
- RES 4: 0.7661 High Apr 5 and key resistance
- RES 3: 0.7593 High Apr 6
- RES 2: 0.7519 High Apr 7
- RES 1: 0.7493 Apr 12 high and key intraday resistance
- PRICE: 0.7429 @ 06:45 BST Apr 20
- SUP 1: 0.7344/43 50-DMA / Low Apr 18
- SUP 2: 0.7282 76.4% retracement of the Mar 15 - Apr 5 climb
- SUP 3: 0.7283 Low Mar 17
- SUP 4: 0.7181 Low Mar 16
AUDUSD remains vulnerable near-term following the recent pullback from 0.7661, Apr 5 high. Short-term gains are for now being viewed as a corrective pullback. The pair has recently traded below both the 20- and 50-day EMAs, reinforcing t bearish conditions and this signals scope for an extension lower. The focus is on 0.7282, a Fibonacci retracement. On the upside, resistance to watch is at 0.7493, Apr 12 high. A break would alter the picture.
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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.