Free Trial

Early risk faded as the pullback in..........>

AUSSIE
AUSSIE: Early risk faded as the pullback in equities saw AUDUSD ease off its
best levels of the session to $0.7109. Topside focus remains on the 100-dma &
Mar 21 high at $0.7147/68, a break opens down trendline resistance off the Nov
highs at $0.7181.
- AUDJPY currently rests on the 100-dma (Y79.30) and will be looking for a close
above for the first time since mid-December to extend the uptrend.
- AUDNZD confirmed a falling wedge pattern (bullish reversal) on Monday but has
so far struggled to clear the NZ$1.05 level. The 100-dma remains in view at
NZ$1.0491, a break of the handle opens the double-top resistance area at
NZ$1.0540/50.    

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.