Free Trial

Extends Gains

AUDUSD TECHS
  • RES 4: 0.7732 High Apr 20, 2018
  • RES 3: 0.7677 High Jun 6, 2018
  • RES 2: 0.7657 2.0% 10-dma envelope
  • RES 1: 0.7640 High Dec 17
  • PRICE: 0.7622 @ 17:06 GMT Dec 17
  • SUP 1: 0.7507 Low Dec 15
  • SUP 2: 0.7432 20-day EMA
  • SUP 3: 0.7399 Low Dec 8
  • SUP 4: 0.7373 Low Dec 7 and key near-term support

AUDUSD gains continue to extend further reinforcing a bullish theme. The Dec 2 break of 0.7414, Sep 1 high and former key resistance confirmed a resumption of the uptrend that began Mar 19. Moving average studies are also in a bull mode highlighting current sentiment. The focus is on 0.7638, a Fibonacci retracement level. Key near-term support is at 0.7507, Dec 15 low. The 20-day EMA intersects at 0.7432, also a firm support area.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.