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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 AccessFailure To Deal With $0.7606-$0.7612...>
AUSSIE TECHS: Failure To Deal With $0.7606-$0.7612 The Problem Here
*RES 4: $0.7641 1.618 swing of $0.7567-$0.7447
*RES 3: $0.7606/12 May 22 high, 1% vol, 50% $0.7813-$0.7412
*RES 2: $0.7583 Intraday high
*RES 1: $0.7566 May 22 low, now resistance
*PRICE: $0.7534 @0938GMT
*SUP 1: $0.7515/25 Congestion area May 17-21, hourly support
*SUP 2: $0.7503 May 21 low
*SUP 3: $0.7485/88 76.4% of $0.7447-$0.7606, May 18 low
*SUP 4: $0.7456 1% volatility band
*COMMENTARY* Tuesday's rally failed to deal with resistance from the upper 1%
volatility band, shy of the 50% Fibo retrace level at $0.7612. A small 'Doji'
candle close on Tuesday the initial warning and has seen a setback into
$0.7525-$0.7515 support. This now seen as the protection against a further
$0.7503-$0.7485 fall. Resistance in the meantime has fallen to $0.7566 and then
the day's $0.7583 high.
To read the full story
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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.