Free Trial

False Upside Break AUDUSD broke........>

AUSSIE TECHS
AUSSIE TECHS: False Upside Break
AUDUSD broke above its short term downtrend yesterday, spiking to as high as
0.7152 before falling back into range to return the focus to the downside. Bears
now look for a move back under 0.71 to open Mar 20 low at 0.7057 ahead of 0.70.
To regain the advantage bulls need a close above the 100-dma at 0.7141 which
would open down trendline resistance off the Dec 4 high & 200-dma at 0.7173/97. 

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.