Free Trial

Downtrend Extends AUDUSD continues.....>

AUSSIE TECHS
AUSSIE TECHS: Downtrend Extends
AUDUSD continues to head lower following the break below 0.70 as bears focus on
a break of the 0.69 level, ahead of the 76.4% retracement of the year's range at
0.6872. Below here opens the Jan 3 low down at 0.6741. Bulls need to recover the
0.70 level on a closing basis, before challenging the 0.7050/60 zone which has
registered a series of previous highs.

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.