MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Eyes the 61.8% retracement: *RES 4:....>

AUSSIE TECHS
AUSSIE TECHS: Eyes the 61.8% retracement:
*RES 4: 0.6955 High Jull 26
*RES 3: 0.6927 61.8% retracement Jul 19 - Aug 7 sell-off
*RES 2: 0.6911 Low Jul 7
*RES 1: 0.6895 High Sep 12
*PRICE: 0.6865 @ 15:55 GMT Sep 16
*SUP 1: 0.6837 Low Sep 9
*SUP 2: 0.6822 High Aug 8 and former breakout level
*SUP 3: 0.6794 Low Sep 5
*SUP 4: 0.6755 Low Sep 4
AUDUSD maintains a positive outlook despite the modest pullback Monday. A break
of the Sep 12 high of 0.6895 would confirm a resumption of the uptrend. The next
objective is the 61.8% retracement of Jul 19 - Aug 7 decline at 0.6927. Momentum
studies continue to point north following the recent break of former resistance
at 0.6822, the high of Aug 8 that confirmed a bullish reversal. Initial support
lies at 0.6837. Look for AUDUSD to push higher.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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.