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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 China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
Downside Back Under Pressure As........>
AUSSIE TECHS: Downside Back Under Pressure As $0.7370 Support Wavers
*RES 4: $0.7476/81 May 29 low, Jun 15 high
*RES 3: $0.7457 Jun 22 high
*RES 2: $0.7438 Hourly recovery high Jun 25
*RES 1: $0.7410 Hourly resistance
*PRICE: $0.7371 @1605GMT
*SUP 1: $0.7362/70 Intraday low, initial rally high Jun 21
*SUP 2: $0.7345 Jun 21 low
*SUP 3: $0.7327/33 61.8% of $0.6827-$0.8136, May 9 2017 low
*SUP 4: $0.7276 1.618 swing of $0.7345-$0.7457
*COMMENTARY* Last week's dips to firstly $0.7347 and then $0.7345, had a duel
with the lower 2% volatility band, which managed to control the fall. The
following recovery on the back of heavily oversold studies reached $0.7457,
before again giving back some ground. Support from $0.7380-$0.7370, is under
challenge, sustained move below the latter would concern again. Resistance
meanwhile falls to $0.7410-$0.7438.
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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.