Free Trial

Developing Trend Improved risk.........>

AUSSIE TECHS
AUSSIE TECHS: Developing Trend
Improved risk sentiment extended gains above the 100-dma to 0.7247, before
fading. Bulls need a close above 0.7229 to build on recent momentum, allowing a
run at the 0.7400 level which also holds key resistance from the 200-dma. Bears
look to close below the 50-dma at 0.7190 to regain control, targeting cloud base
support at 0.7169, ahead of a return to the ytd lows at 0.7021.

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.